USD Dips on Soft PPI Posing Downside Risks to Tomorrow’s CPI – US Market Open

Check out the brand new DailyFX trading forecasts for Q3 MARKET DEVELOPMENT – USD Dips Producer Prices Show Surprise Decline USD: The Dollar and US yields dipped slightly after producer prices saw an unexpected decline for the first time in 18 months. As such, this has placed downside risks to tomorrows inflation report. Thus far, […]

USD/CNH Spikes After Soft Chinese Data, Trade War News in Focus

Talking Points – INDUSTRIAL DATA, PBOC, YUAN, TRADE WARS Offshore Yuan fell after weak industrial profits reports PBOC intervention to stem widespread Yuan selloffs $ 16b reciprocal tariffs, resumption of trade talks in focus next The offshore Chinese Yuan fell against the greenback as local economic data crossed the wires during Monday’s trading session. Year-over-year […]

Canadian-Dollar-Remains-Weak-Thanks-to-Oil-Decline-Data-Generally-Soft_body_Picture_1

Canadian Dollar Remains Weak Thanks to Oil Decline, Data Generally Soft

Fundamental Forecast for USD/CAD: Bullish – USD/CAD has rallied towards the top of a six-month range but further weakness may lie ahead – Canadian unemployment data posts significant beat, stabilizing Loonie. – Fed rate decision, oil inventories on Wednesday likely to drive oil, with repercussions for USD/CAD. The Canadian dollar has been range bound for […]