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USD/CAD Price Forecast: Stuck in a familiar range ahead of Fed’s Powell
USD/CAD edges higher as Trump’s new tariff provides a modest lift to the safe-haven USD. Recovering crude Oil prices and reduced bets for a March BoC rate cut underpin the Loonie. Investors now look to Fed Chair Jerome Powell’s testimony for some meaningful impetus.Fxstreet
Feb 11, 2025
GBP/USD: Downward momentum can lead to GBP edging lower – UOB Group
Tentative buildup in downward momentum could lead to Pound Sterling (GBP) edging lower; the major support at 1.2310 is unlikely to come into view. In the longer run, for the time being, GBP is likely to trade in a 1.2310/1.2550 range, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Feb 11, 2025
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