Bank of Canada Faces Uncertainty in Rate Cut Decision Amid Fed's Path on Nostr: Canadian Dollar Bolstered by US Data Miss =============== #1b1d36c9 ver:0.64 The ...
Canadian Dollar Bolstered by US Data Miss
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#1b1d36c9 ver:0.64
The Canadian Dollar (CAD) showed mixed performance, rising against the Japanese Yen and New Zealand Dollar but falling against the US Dollar. Canada reported a potential contraction in wholesale trade activities in May, which could impact upcoming GDP figures. US economic data, including Durable Goods Orders and GDP figures, will provide further insights. The CAD strengthened against the US Dollar as domestic data showed economic growth in April and May, but still posted a quarterly decline. Rate cut hopes are rising after data misses from the US....
#newstr #CanadianDollar #UsDollar #RateCut #IsmPurchasingManagersIndex #FederalReserve #TradeBalance #UsIndependenceDay #NonfarmPayrolls
https://here.news/story/1b1d36c9?ver=0.64
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#1b1d36c9 ver:0.64
The Canadian Dollar (CAD) showed mixed performance, rising against the Japanese Yen and New Zealand Dollar but falling against the US Dollar. Canada reported a potential contraction in wholesale trade activities in May, which could impact upcoming GDP figures. US economic data, including Durable Goods Orders and GDP figures, will provide further insights. The CAD strengthened against the US Dollar as domestic data showed economic growth in April and May, but still posted a quarterly decline. Rate cut hopes are rising after data misses from the US....
#newstr #CanadianDollar #UsDollar #RateCut #IsmPurchasingManagersIndex #FederalReserve #TradeBalance #UsIndependenceDay #NonfarmPayrolls
https://here.news/story/1b1d36c9?ver=0.64