Canadian Dollar Weakens Against Majors
09 4월 2024 - 10:13PM
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The Canadian dollar dropped against its major counterparts in
the New York session on Tuesday, as investors looked ahead to
crucial U.S. inflation data, the minutes of the Fed's March policy
meeting and the ECB rate decision for directional cues.
The U.S. Labour Department is scheduled to release its reports
on consumer and producer inflation for March on Wednesday and
Thursday, respectively.
Doubts crept in about a possible Fed rate cut this year after
Lorie Logan, president of the Federal Reserve Bank of Dallas,
warned that it's premature to consider lowering interest rates.
Fed Governor Michelle Bowman also echoed concerns about
potential upside risks to inflation, while Chicago Fed President
Austan Goolsbee said the U.S. central bank must weigh how long it
can maintain the policy restrictive without damaging the
economy.
Minneapolis counterpart Neel Kashkari said the Fed cannot 'stop
short' on the inflation fight as oil prices creep higher.
However, former Federal Reserve Bank of St. Louis President
James Bullard said in an interview with Bloomberg TV that he's
expecting three interest-rate cuts this year and that's the base
case.
According to CME Group data, the prospect of a first 25 basis
point cut in June currently stands at 49 percent, down from 57
percent a week ago.
The loonie weakened to 1.3598 against the greenback and 111.47
against the yen, from an early 4-day high of 1.3547 and a 5-day
high of 111.98, respectively. The currency may locate support
around 1.38 against the greenback and 108.00 against the yen.
The loonie fell to more than a 3-month low of 0.9007 against the
aussie and near a 3-week low of 1.4764 against the euro, off its
early highs of 0.8960 and 1.4727, respectively. The currency is
seen finding support around 0.92 against the aussie and 1.49
against the euro.
Euro vs CAD (FX:EURCAD)
외환 차트
부터 4월(4) 2024 으로 5월(5) 2024
Euro vs CAD (FX:EURCAD)
외환 차트
부터 5월(5) 2023 으로 5월(5) 2024