USD/CAD seesaws near mid-1.3500s as Oil bears prod $70.00, Canada inflation, Fed’s Powell eyed – by anilpanchal7 USDCAD Oil RiskAppetite Fed FiscalPolicy
WTI crude oil drops below $70.00 for the first time in over a week amid risk-off mood, firmer US Dollar.Canada inflation data, US Retail Sales and Fed Chair Powell’s speech should also be eyed for clear directions.bulls keep the reins at the highest levels in eight days, flirting with 1.3550 amid Monday’s Asian session. In doing so, the Loonie pair buyers not only cheers the US Dollar’s run-up but also benefit from the latest slump in the Oil price, Canada’s key export item.
Even so, Fed Governor Philip Jefferson and St. Louis Fed President James Bullard defend the US central bank’s current monetary policy while citing higher inflation as a major challenge. Elsewhere, WTI crude oil remains depressed near $69.90 after falling in the last three consecutive days. The black gold bears the burden of the latest economic jitters, as well as hopes of higher Oil output from Canada as Alberta resumes Oil production after halting it due to the geopolitical problems the last week.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Pairs in Focus This Week \u2013 GBP/USD, EUR/USD, USD/CADGet the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of May 14th, 2022 here.
Consulte Mais informação »
At 49, Victoria Beckham Shares the Firming Body Oil She Loves to ‘Lock in Moisture’Victoria Beckham, 49, Shares the Body Oil She Uses to ‘Lock in Moisture’
Consulte Mais informação »
Buffett's bank account, Munger's oil checks: Berkshire meeting insightsWarren Buffett's bank account, Charlie Munger's oil checks, and an Amazon bestseller: 6 nuggets from Berkshire Hathaway's annual meeting
Consulte Mais informação »
Climate change’s latest victim: the olive oil you cook withOlive oil lovers might have to start pouring less of the golden fruity liquid into the pan. A prolonged dry spell in Spain, the world’s biggest olive oil producer, has parched olive groves and scorched blooms, slashing this season’s harvest.
Consulte Mais informação »
Deal on debt ceiling seen boosting West Texas IntermediateOnce the impasse ends, and banking concerns fade from the collective memory, crude oil...
Consulte Mais informação »