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USD/CAD struggles near 1.3750 as Fed rate cut bets, Oil supports Canadian Dollar
US Treasury Secretary Scott Bessent said in an interview on Wednesday that short-term Fed interest rates should be 1.5-1.75% lower than the current benchmark rate at an effective 4.33%. Bessent added that there is a good chance that the central bank could opt for a 50 basis point rate cut in September.
Having said all that, today, dollar traders are likely to pay extra attention to the PPI data for July. A slowdown in ...
Gold extended gains to a third session on Thursday, supported by rising expectations of an interest rate cut by the U.S.
The dollar fell to its weakest level against the Japanese yen in three weeks after U.S. Treasury Secretary Scott Bessent said he expected the Bank of Japan to raise interest rates to tackle inflation.
The dollar languished near multi-week lows against the euro and sterling on Thursday as traders ramped up bets for the ...
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