The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, trades near 100.00 on Thursday, lifted modestly by upbeat US data and expectations of extended yield differentials.
The Canadian Dollar (CAD) hit a soft patch on Thursday, extending into a second straight day of losses as the US Dollar (USD) catches a broad bid on hopes that the Trump administration will pick up the pace of inking trade deals to subvert its own self-imposed trade tariffs.
The Greenback edged sharply higher as markets digested the Federal Reserve’s decision to leave interest rates unchanged, while markets’ attention remained on the trade front following news of a US-UK trade agreement.
The Dow Jones Industrial Average (DJIA) gained ground on Thursday, climbing over 650 points or 1.6% at its peak after the Trump administration announced an incoming (but still not signed) trade deal with the United Kingdom (UK).
The EUR/GBP pair drifted lower on Thursday, trading near the 0.8500 zone after the European session and settling within the middle of the day’s range. The decline reflects growing bearish sentiment in the short term, with technical signals tilting to the downside.
The UK's Financial Conduct Authority appointed David Geale to take on dual responsibilities as the FCA's executive director for payments and digital finance, and managing director of the Payment Sy...
The USD/CHF pair is trading higher as the US Dollar (USD) gains momentum on mixed economic signals and trade optimism, while the Swiss Franc (CHF) weakens amid broader risk-on sentiment.
The Pound Sterling (GBP) advanced during the North American session after the Bank of England (BoE) reduced borrowing costs on a 7-2 vote split, with two members voting to hold rates unchanged.
The EUR/USD pair holds steady around the 1.1300 area on Thursday, maintaining a neutral tone after the European session. Price action remains confined within the day’s range, reflecting a cautious market stance as traders assess the broader trend.
WTI Crude Oil is trading sharply higher on Thursday as oil prices benefit from the combination of falling United States (US) stockpiles and growing optimism around upcoming US–China trade talks, which have raised hopes of a potential de-escalation in tensions between the world’s two largest economie
The AUD/USD pair trades flat around 0.6420 during North American trading hours on Thursday. The Aussie pair struggles for direction, while the US Dollar (USD) gives up initial gains.
In its annual Financial Stability Report, the Bank of Canada (BoC) said the trade war with the United States threatens the Canadian economy and poses risks to financial stability, per Reuters.
The Canadian Dollar (CAD) is weakening against the US Dollar (USD) on Thursday as investors brace for a pivotal day of policy and trade headlines that could redefine North American market sentiment.
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