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Forex
Canadian Dollar sheds weight against Greenback on Wednesday after BoC rate cut
Canadian Dollar loses minor ground against Greenback after BoC rate cut.
Canada delivers broadly expected rate trim, but BoC sticks to per meeting outlook.…
US Dollar strengthens following Services PMIs, ADP figures
USD extends its gains to second day following mixed signals from ADP, ISM Services PMIs.
Business activity in the US service sector expanded in May, ISM…
Mexican Peso continues rising after Finmin reassures markets
The Mexican Peso recovers on Wednesday after the Mexican Finance Minister gives an interview seeking to calm investor fears.
Rogelio Ramírez de la O says…
Macklem speech: Timing of any further interest rate cuts will depend on data
Tiff Macklem, Governor of the Bank of Canada (BoC), explains the BoC decision to lower the interest rate by 25 basis points to 4.75% after the June policy…
USD/CHF Price Analysis: Finds support below 200-DEMA despite likely SNB’s intervention
USD/CHF gains ground near 0.8900 as the USD Index holds key support of 104.00.
Weak US ADP Employment has limited the US Dollar’s upside.
The SNB is…
USD/JPY rebounds on positive risk sentiment, weak Japanese wage data
USD/JPY is recovering after finding support on the 50-day SMA.
A positive market mood and weak Japanese real wage data are supporting the pair.
Rumors…
Canada Interest Rate Decision Preview: BoC expected to cut interest rates for first time since March 2020
The Bank of Canada (BoC) is anticipated to cut its policy rate by 25 bps.
The Canadian Dollar maintains its consolidative phase vs. the US Dollar.…
EUR/USD edges down ahead of US data, ECB policy meeting
EUR/USD falls slightly with the focus on the ECB policy meeting and US economic data.
The ECB is widely expected to deliver a rate-cut move with a…
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data. Silver trades at $29.60 per troy ounce, up 0.34% from the $29.50 it cost on Tuesday.…
NZD/USD rises toward 0.6200 due to higher Terms of Trade, China Services PMI
NZD/USD gains ground due to an increase in export volumes and a strong rebound in the Terms of Trade in Q1.
The New Zealand Dollar received support from…