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Canadian Dollar holds near recent lows as Oil slump, Fed outlook weigh
USD/CAD trades around 1.4010 on Wednesday at the time of writing, gaining 0.10% on the day. The pair maintains a bullish tone as the Canadian Dollar (CAD) remains under pressure from falling Oil prices, while traders position ahead of the Federal Reserve’s (Fed) monetary policy decision.
Fxstreet
Wed, Jun 17
Canadian Dollar: Range-bound risks with data focus – NBC
National Bank of Canada (NBC) analysts discuss the Canadian Dollar, noting that USD/CAD remains range-bound and sensitive to upcoming Canadian and US data releases. They highlight how recent moves have been driven by shifting expectations for Bank of Canada and Federal Reserve policy.Fxstreet
Wed, Jun 17
Euro retreats below 1.1600 with Kevin Warsh and the Fed in the spotlight
The Euro (EUR) posts moderate losses against the US Dollar (USD) on Wednesday, giving away some of the ground gained over the last few days, with markets showing a cautious mood ahead of the US Federal Reserve’s (Fed) decision.
Fxstreet
Wed, Jun 17
Japanese Yen picks up within intervention levels with all eyes on the Fed
The Japanese Yen (JPY) nurses mild gains against the US Dollar (USD) on Wednesday, as the USD/JPY pair eases to 160.20, still above 160.00, considered the limit of tolerable JPY weakness for Japanese authorities.
Fxstreet
Wed, Jun 17
Euro: Euro struggles on hawkish ECB pricing – ING
ING’s FX team notes that a rate hike by the ECB is fully priced into EUR/USD, limiting upside for the Euro. They stress that even additional ECB hawkishness may not translate into Euro gains, as markets already discount tighter policy.Fxstreet
Wed, Jun 17
Australian Dollar stays pressured vs USD; holds above 0.7050 as traders await Fed decision
The AUD/USD pair struggles to capitalize on the previous day's hawkish Reserve Bank of Australia (RBA)-inspired bounce and trades with a negative bias for the second consecutive day on Wednesday.Fxstreet
Wed, Jun 17
0.7000: Why the Australian Dollar is heading for deeper pullback after RBA broke its rate-hike spree
The Australian Dollar (AUD) has entered a corrective phase, surrendering part of its recent gains against the US Dollar, after the Reserve Bank of Australia (RBA) opted to break its tightening cycle and hold its benchmark cash rate at 4.35%.Fxstreet
Wed, Jun 17
USD/CAD Price Forecast: Holds gains above 1.4000, bullish bias persists despite overbought RSI
The USD/CAD pair trades in positive territory around 1.4005 during the early European trading hours on Wednesday. Optimism surrounding the US-Iran peace agreement drags crude oil prices lower and weighs on the commodity-linked Canadian Dollar (CAD).Fxstreet
Wed, Jun 17
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