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Canadian Dollar Climbs Amid Risk Appetite

RTTNews | 70 days ago

Canadian Dollar Climbs Amid Risk Appetite

(RTTNews) - The Canadian dollar advanced against its major counterparts in the New York session on Tuesday, as investor sentiment improved after Treasury Secretary Scott Bessent said that the trade war between the US and China may de-escalate.

Bessent said that the standoff with China is unsustainable and that he expects de-escalation of trade war.

Bessent noted that while formal negotiations have not commenced, the situation may de-escalate.

Bessent's comments fueled hopes that a deal ending the trade war between the U.S. and China is possible.

Stock markets rallied after Bessent's comments, with the S&P 500 rallying 2% on the day.

The loonie recovered to 1.3796 against the greenback, 102.46 against the yen and 0.8811 against the aussie, from an early 4-day low of 1.3860, nearly 2-year low of 101.26 and nearly a 3-week low of 0.8889, respectively. The currency is poised to challenge resistance around 1.35 against the greenback, 106.5 against the yen and 0.86 against the aussie.

The loonie edged up to 1.5775 against the euro. The currency is seen finding resistance around the 1.54 level.

Tags: AUDCAD USDCAD EURCAD CADJPY

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Yen Falls Amid Risk-on Mood

Yen Falls Amid Risk-on Mood

The Japanese yen weakened against other major currencies in the European session on Wednesday amid increased risk-on mood, as investors pondered the prospect of Federal Reserve rate cuts and hoped for a positive resolution on trade discussions ahead of completion of 90-day tariff pause on July 9.

RTTNews | 2h 22min ago

Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the European session on Wednesday.

RTTNews | 2h 51min ago

U.S. Dollar Advances Amid Strong Economic Data

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The U.S. dollar strengthened against its major counterparts in the New York session on Tuesday, as economic data came in above estimates and Federal Reserve Chair Jerome Powell maintained a data-dependent approach to rate cuts.

RTTNews | 16h 46min ago

Yen Rises As Japan Tankan Data Adds To BOJ Rate-Hike Prospects

Yen Rises As Japan Tankan Data Adds To BOJ Rate-Hike Prospects

The Japanese yen strengthened against other major currencies in the European session on Tuesday, following the Bank of Japan's Tankan survey indicating that business sentiment among major Japanese firms has improved slightly, which increased the likelihood of additional rate hikes by the Japanese central bank.

RTTNews | 1 day ago

Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the European session on Tuesday. The yen rose to a 6-day high of 168.46 against the euro and an 8-day high of 196.80 against the pound, from early lows of 169.66 and 197.76, respectively.

RTTNews | 1 day ago

U.S. Dollar Extends Fall As Trump's Tax Bill And Tariffs Weigh

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The U.S. dollar continued to trade lower against other major currencies in the Asian session on Tuesday, as markets anticipated a vote on U.S. President Donald Trump's historic tax and spending bill.

RTTNews | 1 day ago

U.S. Dollar Falls Against Majors

U.S. Dollar Falls Against Majors

The U.S. dollar weakened against other major currencies in the Asian session on Tuesday.

RTTNews | 1 day ago

U.S. Dollar Weakens Amid Trade Talks, Debt Concerns

U.S. Dollar Weakens Amid Trade Talks, Debt Concerns

The U.S. dollar dropped against its most major counterparts in the New York session on Monday, as investors monitored negotiations over President Donald Trump's tax bill in the Republican-controlled Senate.

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