Canadian dollar news

The sharp USD/CAD rally has now pushed the pair into extreme overbought territory according to one technical indicator

The US dollar has rallied quite nicely during the trading session again on Thursday, as we continue to see the reaction from the Wednesday press conference out of Jerome Powell.

USD/CAD corrects higher on hawkish Fed, positioning may fuel further rise.

The USD/CAD sprang higher late last night as the U.S Federal Reserve announced its interest rate policy and resistance levels crumbled quickly.

Fed Sees Inflation in 2021, Rate Hikes in 2023; USD Jumps; Gold, Euro, Loonie Plunge.

The US Dollar is holding range as investors await Fed’s views on rising prices

The US dollar rallied a bit during the trading session on Tuesday to reach towards the 1.22 handle.

The big meeting is here and the USD is bouncing ahead of the statement. Might Dollar bulls get some room to run here?

IG client sentiment data are sending no clear signals on two of the most popular assets with traders currently, the Canadian Dollar and gold, but suggest taking bearish positions in the Swiss Franc.

The third week of June brings forth a saturated macro calendar.

USD /CAD may attempt to test the May high (1.2352) if the Federal Open Market Committee (FOMC) shows a greater willingness to switch gears later this year.

G10 FX ranges facing a test after USD short squeeze. All eyes on FOMC.

The USD/CAD has moved higher since late Friday and is touching one-month highs as nervous trading hovers over global Forex.