USDCAD Technical Analysis – A better than feared NFP boosted the USD ...Middle East

Fundamental OverviewThe USD last week came under some more pressure as a series of soft US data pushed Treasury yields lower. The NFP report on Friday wasn’t bad though, on the contrary, the data under the hood was better than the prior month. That helped the greenback to erase the weekly losses.Nevertheless, the trend in the labour market continues to remain skewed to the downside and time will tell if the Fed’s cuts will be enough to stop this trend.The probabilities for the Fed to cut by 50 bps at the upcoming meeting dropped to 27% following the NFP report with a total of 110 bps of easing expected by year-end. For the BoC, the market sees a 99% probability of no change at the upcoming m

Hence then, the article about usdcad technical analysis a better than feared nfp boosted the usd was published today ( Monday 09/09/2024 - 01:05 PM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( USDCAD Technical Analysis – A better than feared NFP boosted the USD )

Also on site :

• 90 Years Later, the World's Most Famous Photo Exposes the Dark Side of Viral Fame: 'I Wish She Hadn't Taken My Picture'
• ‘We have to be able to walk and chew gum’ on government spending, says budget chairman on debt crisis and national security
• Businessman sues British Airways for £50k claiming cut finger caused ‘nightmares and flashbacks’