FX Weekly Recap: September 30 – October 4, 2024
The market spotlight was mostly on U.S. jobs-related data but geopolitical headlines also stole the show & spurred a bunch of risk-off moves early on.
The market spotlight was mostly on U.S. jobs-related data but geopolitical headlines also stole the show & spurred a bunch of risk-off moves early on.
US economic stability depends on the forthcoming election. As we enter a pivotal week for the U.S. economy, the U.S. dollar and the Federal Reserve’s monetary policy path remain key focus areas for traders. With the U.S. election tomorrow and the Federal Reserve’s two-day Federal Open Market Committee (FOMC) meeting adjusted to avoid overlap with…
The stronger US data with ISM nonmanufacturing PMI rising to 54.1 from 52.1 and the jolt job openings increasing to 8.098 million versus 7.700 million estimate, has yields moving higher, stocks moving lower and the US dollar moving higher. Two year yield is at 4.30% up 2.9 basis points, the 10 year yield is trading…
The Canadian dollar is showing limited movement for third consecutive day. In the European session, USD/CAD is trading at 1.4328, up 0.14% on the day. The week wraps up with January employment reports from both Canada and the US, which could mean USD/CAD will be active in the North American session. Canada and the US…
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The Canadian dollar strengthened against the greenback on Tuesday, and the yield on benchmark government debt slipped. The was trading 0% higher at C$1.4007 to the greenback, or 71.39 U.S. cents, after trading in a range of 1.3976 to 1.4036. Canadian government yields fell 3.1 basis points to 3.247%. The yield on similar U.S. government…