EUR/USD 1.17092
-0.103%
Gold 4339.50
0.156%
Oil 56.513
1.153%
USD/JPY 157.685
1.371%
GBP/USD 1.33734
-0.060%
GBP/JPY 210.883
1.325%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to the U.S. Commodity Futures Trading Commission (CFTC), as of the week ending December 9, crude oil speculators reduced their net short positions in WTI crude oil by 38,888 contracts to 12,038 contracts.According to the U.S. Commodity Futures Trading Commission (CFTC), in the week ending December 9, COMEX gold speculators increased their net long positions by 4,829 contracts to 124,637 contracts. COMEX silver speculators increased their net long positions by 6,724 contracts to 27,978 contracts.December 20th - Mixue Ice Cream announced the official opening of its first US store, located at 6922 Hollywood Boulevard, Los Angeles.On December 20th, at the Moore Threads 2025 MUSA Developer Conference, in addition to the new "Huagang" architecture and the Huashan chip, Moore Threads also unveiled its Lushan graphics chip. Lushan is a high-performance graphics rendering chip built on the Huagang architecture, promising a 15x improvement in AAA game rendering, a 50x improvement in ray tracing performance, an 8x improvement in atomic memory access performance, and a 4x improvement in video memory capacity. AI rendering performance is improved by 64x, geometry processing performance by 16x, and texture fill performance by 4x. Besides supporting gaming, it also supports rendering for all CAD, CAE, and other graphic design applications.According to Business Insider, Google has warned some visa holders against leaving the United States, as their return home could face “significant” delays of up to a year.

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