Canadian Dollar weakens as US-Iran uncertainty and hawkish Fed bets support Greenback

Canadian Dollar weakens as US-Iran uncertainty and hawkish Fed bets support Greenback

The Canadian Dollar (CAD) remains on the defensive against the US Dollar (USD) on Friday as traders look past stronger Canadian Retail Sales figures and keep their attention on developments surrounding US-Iran negotiations. At the time of writing, USD/CAD is trading around 1.3818, its highest level since April 13. Data released by Statistics Canada showed […]

Euro slips as Iran deal doubts lift demand for the US Dollar

Euro slips as Iran deal doubts lift demand for the US Dollar

The Euro (EUR) retreats by 0.14% during the North American session on Friday amid growing speculation that the US and Iran may reach a deal to end the conflict. The Greenback is recovering some ground, underpinned by Oil prices trimming some of its earlier losses. The EUR/USD pair trades at 1.1598, poised to end the […]

Japanese Yen weakens as stronger US Dollar and elevated energy prices weigh on sentiment

Japanese Yen weakens as stronger US Dollar and elevated energy prices weigh on sentiment

USD/JPY holds firm on Friday, remaining confined within this week’s trading range as traders refrain from placing aggressive bullish bets near the 160.00 handle following suspected intervention by Japanese authorities in late April. At the time of writing, the pair is trading around 159.20 and remains on track for a second consecutive weekly gain. Meanwhile, […]