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USD/CAD: Bearish trend holds with key levels in focus – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret say the Canadian Dollar (CAD) is slightly softer but continues to narrow its undervaluation versus the Dollar, with fair value around 1.3542. They stress that further CAD gains depend on fading USD haven demand.
Fxstreet
Wed, Apr 15
EUR/GBP: Modest upside bias into autumn – Rabobank
Rabobank Senior FX Strategist Jane Foley discusses EUR/GBP in light of shifting expectations for the European Central Bank (ECB) and Bank of England (BoE). She notes that EUR/GBP has traded with a downside bias recently but sees this fading as spring progresses.Fxstreet
Wed, Apr 15
AUD/USD rises as US-Iran talks bolster risk sentiment, soft US PPI undercuts Dollar
AUD/USD rises on Wednesday and trades around 0.7140 at the time of writing, up 0.28% on the day. The pair benefits from an improved risk environment after reports suggested that new discussions could take place between the United States (US) and Iran before the two-week ceasefire expires.
Fxstreet
Wed, Apr 15
USD/CAD bounces up and nears 1.3800 amid mixed messages on Iran
The US Dollar (USD) is trimming some losses against the Canadian Dollar (CAD) on Wednesday. The pair trades at 1.3775 at the time of writing, after bouncing up from Tuesday’s lows near 1.3730, although it remains more than 1% below last week’s highs.Fxstreet
Wed, Apr 15
EUR: ECB seen between baseline and adverse paths – Danske Bank
Danske Bank’s Danske Research Team says ECB President Lagarde reiterated a data-dependent stance, offering no firm forward guidance. The bank argues this reduces the likelihood of an April move unless key data show clear upside price pressures.Fxstreet
Wed, Apr 15
Eurozone Industrial Production rises faster by 0.4% MoM in November vs. 0.3% estimates
The Eurozone industrial sector activity rises 0.4% in February, faster than estimates of 0.3%, according to data published by Eurostat on Wednesday. In January, the Industrial Production data was declined by 0.8%, revised higher from -1.5%.Fxstreet
Wed, Apr 15
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