USD/CAD climbs to fresh weekly top, closer to mid-1.3800s ahead of FOMC minutes

USD/CAD is strengthened above 1,3800 before the US GDP publication. - World Stock Market

The USD/CAD moves up around 1,3835 in the first Asian session on Thursday. The Fed is well positioned to expect more clarity about inflation and economy, according to FOMC minutes. The highest prices of crude oil could limit the rise in the torque. The USD/CAD pair advances around 1,3835 during Thursday’s first Asian session, promoted by a stronger US dollar (USD). The second estimate of the Gross Domestic Product growth rate (GDP) of the first …

Dollar Recovery Slows Ahead of FOMC Minutes as Market Seeks Clarity - Action Forex

Dollar’s near-term rebound is still intact as markets head into US session. But appears to be fading as traders await fresh catalysts. While the greenback has benefited from stabilizing sentiment, there’s a lack of conviction behind the move, particularly with no data releases of note today. Markets are now turning their attention to the upcoming […] The post Dollar Recovery Slows Ahead of FOMC Minutes as Market Seeks Clarity appeared first on A…

USD/CAD extends gains above 1.3800 with all eyes on the FOMC minutes

The US Dollar is showing a moderate advance on Wednesday, extending gains after Tuesday’s rebound.

USD/CAD climbs to fresh weekly top, closer to mid-1.3800s ahead of FOMC minutes

The post USD/CAD climbs to fresh weekly top, closer to mid-1.3800s ahead of FOMC minutes appeared on BitcoinEthereumNews.com. USD/CAD gains positive traction for the third straight day amid modest USD strength. US fiscal concerns and Fed rate cut bets might cap gains for the USD and spot prices. Traders also refrain from placing aggressive bets ahead of the FOMC meeting minutes. The USD/CAD pair is seen prolonging this week’s goodish recovery mo…