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Canadian Dollar Rises Against U.S. Dollar, Euro
(RTTNews) - The Canadian dollar moved up against the U.S. dollar and the euro in the New York session on Thursday.
The loonie touched 1.3688 against the greenback and 1.4641 against the euro, setting 2-day highs. The currency is poised to challenge resistance around 1.34 against the greenback and 1.44 against the euro.
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U.S. Dollar Falls Amid Fed Rate Cut Speculation
The U.S. dollar weakened against other major currencies in the Asian session on Tuesday, as traders have already factored in a rate cut by the US Fed as a "certainty."
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The U.S. dollar weakened against other major currencies in the Asian session on Tuesday.
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The U.S. dollar strengthened against other major currencies in the Asian session on Thursday.
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The U.S. dollar weakened against other major currencies in the late Asian session on Tuesday, as traders remain optimistic about the outlook for interest rates following last week's weaker-than-expected US jobs data. They also remain cautious ahead of key U.S. inflation readings due later in the week that could influence the US Fed's rate trajectory.
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