Canadian dollar firms after weak US data, Fed meeting
April 30, 2015 1:21 amVideo
Latest News
- Video market update for April 19, 2024 April 19, 2024
- Eurozone PMIs eyed as euro’s focus turns to rate cuts beyond June – Preview April 19, 2024
- Technical Analysis – NZDUSD falls to fresh 5-month low April 19, 2024
- EUR/USD. April 19th. Bostic, Fed: the rate cut will happen at the end of the year April 19, 2024
- Forecast for GBP/USD pair on April 19, 2024 April 19, 2024
- Weekly Forex Outlook: 14/04/2024 – US GDP and BoJ decision on top of next week’s agenda April 19, 2024
- Market Comment – Safe havens jump as Israel retaliates against Iran April 19, 2024
- Technical Analysis – USDCAD puts rally on hold near 1.3800 caution zone April 19, 2024
- USD/JPY: trading tips for beginners for European session on April 19 April 19, 2024
- GBP/USD: trading tips for beginners for European session on April 19 April 19, 2024
- EUR/USD: trading tips for beginners for European session on April 19 April 19, 2024
- Supercharged US dollar turns to GDP growth data – Preview April 19, 2024
- Technical Analysis – USDCHF remains in bullish structure April 19, 2024
- Hot forecast for EUR/USD on April 19, 2024 April 19, 2024
- We’ve Donated Books in Vietnam for Children’s Day April 19, 2024
- Week Ahead – US GDP and BoJ decision on top of next week’s agenda April 19, 2024
- Technical Analysis – GBPJPY range trading continues April 19, 2024
- Overview of the GBP/USD pair on April 19th. The Bank of England may lower the rate in May April 19, 2024
- Overview of the EUR/USD pair on April 19th. Jerome Powell crushed all euro growth prospects April 19, 2024
- Key events on April 19: fundamental analysis for beginners April 19, 2024
The Canadian dollar remained stable against the US dollar Wednesday after disappointing US growth data and Federal Reserve downgraded economic outlook.
The US economy marginally grew in the 1st quarter, climbing at 0.2% annual rate.
The Fed meeting was it was not as dreadful as the projections would have us believe… ”much of the data misses have been the result of transitory effects, predominantly weather related,” said Jack Spitz, Managing Director of Foreign Exchange at National Bank Financial.
The loonie ended at 83.17 US cents from yesterday’s 83.13 U.S. cents. Since a sudden rate cut in January, the currency had touched its sturdiest level.
In Canada, producer prices rose 0.3% in March from February, amplified by higher prices for energy and petroleum products.
The markets will await the country’s economic growth data for February due Thursday.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: