Dollar Loses Shine in Trade War as Investors Rethink Impact on US Economy

Markets Bank of England governor Bailey, ECB president Lagarde and Fed chair Powell today all grab(bed) their final occasion to guide market expectations going into final policy meetings of the year, which for the ECB and the Fed include updated growth and inflation forecasts. BoE Bailey spoke at the Financial Times’ Global Boardroom conference. Headlines […]

Fundamental Analysis The Canadian dollar (CAD) is under significant pressure due to the drop in Canada’s annual inflation rate, which fell to 1.6% in September 2024, well below the Bank of Canada’s (BoC) 2% target. This price slowdown, primarily driven by the decline in gasoline and transportation costs, has fueled expectations of a 50-basis-point rate […]

The dollar index edged higher in Friday morning but is still holding within a choppy range that extends into sixth straight day. Long tails of daily candle of past two days and repeated closes above north turning 10DMA, add to existing bullish near-term bias. Fresh strength is probing again through 200DMA (104.13), which capped the […]