EUR/USD 1.15309
0.026%
Gold 4050.88
-1.284%
Oil 83.139
0.594%
USD/JPY 159.176
-0.208%
GBP/USD 1.34761
0.081%
GBP/JPY 214.510
-0.118%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Google (GOOG.O): Gemini Spark is rolling out to Google AI Pro users outside the United States.August 1st - According to CBS News, citing multiple sources, the United States and Israel are planning "one of the most intense bombing campaigns to date" against Iranian energy infrastructure, potentially targeting power plants and oil refineries, with the operation possibly lasting throughout the weekend. Sources say Israel has been notified and is coordinating with the US, but Trump has not yet issued final approval. The report notes that the plan was proposed at Trumps cabinet meeting at Camp David on Friday, and some White House political aides strongly opposed it, fearing the operation could impact the US and global economy. Trump stated, "Were going to hit them very hard." The US has also discussed cutting off Tehrans power supply, but no decision has been made. Previously, Trump stated that for every attack on ships in the Strait of Hormuz, the US would bomb an Iranian bridge or power plant. If this operation is carried out, it would mean Israel has resumed military operations that were previously suspended due to a US-mediated ceasefire.August 1st - According to Irans Tasnim News Agency, the Houthi rebels in Yemen stated that, in order to implement their strategy of "blockade against blockade," eight Saudi oil tankers have been forced to change course and circle the Cape of Good Hope after maritime restrictions were imposed on them. The Houthis stated that the blockade against Saudi Arabia will continue and warned that they will take action against relevant vessels within their capabilities. The Houthis also stated that they will continue to push for the lifting of the blockade on Yemen and to protect their own interests.The U.S. military stated that as of July 31, Central Command had altered the routes of 30 merchant ships, rendered two ships inoperable, and boarded and inspected two more.August 1st - According to the New York Times, Federal Reserve Chairman Warsh is reportedly considering reducing the number of the Feds regular interest rate decision meetings. This move could cause a major upheaval and mark the most significant change in the Feds operations in recent years. Currently, the Feds 12-member Federal Open Market Committee (FOMC) meets eight times a year to vote on whether to raise, lower, or maintain borrowing costs. According to four sources familiar with the matter, Warsh proposed adjusting the meeting frequency at this weeks Fed meeting. These sources also revealed that at this weeks meeting, Warsh discussed the legal basis for the minimum number of meetings the Fed must hold annually, and the timeline for such adjustments. Reportedly, Warsh requested that officials provide feedback to him, rather than having a comprehensive discussion of the meeting schedule at this weeks meeting.

USD/CAD Bears In Control And Aiming At Support Zone Lows

Alina Haynes

Apr 04, 2023 13:53

USD:CAD.png 

 

The USD/CAD exchange rate is unchanged on the day after a succession of negative impulses drove the price into new territory to the downside and deeper into a support region as a result of the oil price rally. The USD/CAD exchange rate was 1.3431 at the time of writing.

 

Monday's 6.3% rise in West Texas Intermediate WTI crude oil to an intraday high of $81.51 strengthened the CAD. The oil price surged after the OPEC+ cartel surprised the market with a production cut of 1.1 million barrels per day to support prices, with the cartel announcing that it will reduce output prior to Monday's ministerial meeting.

 

Analysts at TD Securities observed that the Bank of Canada's Business/Consumer Surveys painted a more dovish picture ahead of the April BoC meeting, with a marked improvement in capacity pressures and consumer inflation expectations.

 

Analysts noted that firm-level inflation expectations continue to be elevated and that consumer growth and income expectations have also increased since the fourth quarter.

 

''The Bank of Canada should be pleased with these results, which indicate a decline in capacity pressures and a moderation in inflationary pressures. However, inflation expectations remain a formidable impediment to near-term relief. If growth does not decelerate substantially in the second quarter, it may be difficult for the Bank of Canada to keep rates at 4.50 percent. Analysts believe that the report is optimistic for CAD.


Suggestion