FOREX TradingCharts.com
HOMECHARTS & QUOTESFOREX NEWSFOREX QUOTESLEARN FOREXFOREX BROKER LISTBOOKMARKFEEDBACK

Forex News: Canadian Dollar Climbs Against Most Majors

Canadian Dollar Climbs Against Most Majors

03/14/2023 - 05:18:00 (RTTNews)

(RTTNews) - The Canadian dollar advanced against its most major counterparts in the European session on Tuesday, as investors await key U.S. consumer price inflation data later in the day for clues on the path for interest rates.

The consumer price index is expected to have risen by 6 percent year-over-year in February compared to 6.4 percent in January.

Traders shifted back to betting Fed rate cuts amid the fallout from SVB and lingering worries about contagion.

Some economists now expect no rate increase at all when the Federal Reserve delivers its interest-rate decision later this month.

The loonie climbed to 1.3702 against the greenback and 97.82 against the yen, from its prior lows of 1.3748 and 96.83, respectively.

The loonie up against the euro, at a 4-day high of 1.4641.

Next near term resistance for the currency is likely seen around 1.36 against the greenback, 99.00 against the yen and 1.46 against the euro.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2023 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Indian Rupee Falls To 4-day Low Against U.S. Dollar (02 hr(s), 23 min(s), 56 sec(s) ago)
(RTTNews) - The Indian rupee weakened against the U.S. dollar in afternoon deals on Monday, as reg ...Full Story»
Yen Rises Against Majors (02 hr(s), 50 min(s), 57 sec(s) ago)
(RTTNews) - The Japanese yen strengthened against other major currencies in the European session o ...Full Story»
Euro Little Changed After German PPI Data (03 hr(s), 14 min(s), 57 sec(s) ago)
(RTTNews) - At 3:00 am ET, Destatis issued Germany's producer prices data for February. A ...Full Story»
Euro Falls Ahead Of German PPI Data (03 hr(s), 26 min(s), 57 sec(s) ago)
(RTTNews) - At 3:00 am ET, Destatis is scheduled to issue Germany's producer prices data for F ...Full Story»
Australian Dollar Slides As Traders Remain Cautious (04 hr(s), 32 min(s), 57 sec(s) ago)
(RTTNews) - The Australian dollar retreated from recent highs against other major currencies in th ...Full Story»
Australian Dollar Retreats Against Majors (05 hr(s), 59 min(s), 57 sec(s) ago)
(RTTNews) - The Australian dollar retreated from recent highs against other major currencies in th ...Full Story»
U.S. Dollar Falls As Bank Worries Recede (32 min(s), 57 sec(s) ago)
(RTTNews) - The U.S. dollar declined against its major counterparts in the early European session ...Full Story»
Commodity Currencies Rise Amid Risk Appetite (03 hr(s), 26 min(s), 57 sec(s) ago)
(RTTNews) - Commodity currencies such as the Australian, New Zealand and the Canadian dollars stre ...Full Story»
Search

FOREX NEWS

Indian Rupee Falls To 4-day Low Against U.S. Dollar

03/20/2023 - 03:57 AM (RTTNews)
(RTTNews) - The Indian rupee weakened against the U.S. dollar in afternoon deals on Monday, as reg ...Full Story>>

Yen Rises Against Majors

03/20/2023 - 03:30 AM (RTTNews)
(RTTNews) - The Japanese yen strengthened against other major currencies in the European session o ...Full Story>>

Euro Little Changed After German PPI Data

03/20/2023 - 03:07 AM (RTTNews)
(RTTNews) - At 3:00 am ET, Destatis issued Germany's producer prices data for February. A ...Full Story>>

Euro Falls Ahead Of German PPI Data

03/20/2023 - 02:55 AM (RTTNews)
(RTTNews) - At 3:00 am ET, Destatis is scheduled to issue Germany's producer prices data for F ...Full Story>>

Australian Dollar Slides As Traders Remain Cautious

03/20/2023 - 01:50 AM (RTTNews)
(RTTNews) - The Australian dollar retreated from recent highs against other major currencies in th ...Full Story>>
USDCAD
Economic CalendarForex GlossaryForeign Exchange RatesForex Currency TradingForex ChartsPrivacy Policy Translate AdvertiseContact Us

Do not sell my personal information

Copyright © 2023. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.