Canadian Dollar falls despite increased Oil prices

Canadian Dollar falls despite increased Oil prices

The USD/CAD pair elevated near the 1.3760 level on Friday and remains supported by persistent inflation concerns and rising US Treasury yields following this week’s hotter-than-expected US inflation data. The latest US Consumer Price Index (CPI) report showed headline inflation accelerating to 3.8% YoY in April, while Producer Price Index (PPI) data released later in […]

Euro falls as hawkish Fed expectations boost the US Dollar, Treasury yields

Euro falls as hawkish Fed expectations boost the US Dollar, Treasury yields

The Euro (EUR) extends losses against the US Dollar (USD) on Friday, with EUR/USD slipping to near one-month lows as hawkish Federal Reserve (Fed) expectations boost the Greenback and US Treasury yields. At the time of writing, the pair is trading around 1.1626 and is poised to close the week in negative territory. Higher energy […]