The Canadian dollar has fallen since Tuesday despite an unexpected jump in Canada’s inflation. Canada’s inflation rose at an annual rate of 2.9% in May. The greenback strengthened Wednesday as the yen fell to a new 38-year low. The USD/CAD forecast shows slight bearish momentum as the Canadian dollar recovers from its recent slump amid...
The dollar rose on Tuesday after Fed policymakers maintained a cautious tone. Fed’s Lisa Cook rate cuts would depend on incoming data. The BoJ is under a lot of pressure to raise rates due to the yen’s weakness. The USD/JPY forecast points North as a surge in the dollar puts the yen at the $160...
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