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EUR/USD

German Inflation Hits Expectations: EUR/USD Remains Calm Amid Market Wait-and-See

German inflation data for May 2024 matched expectations with CPI at 2.4 percent year-on-year and only minor month-to-month changes. EUR/USD showed limited reaction as markets had already priced in the figures. Attention now shifts to upcoming ECB and Federal Reserve decisions to guide forex movements. Read the full analysis by XTB at https://www.xtb.com/int/market-analysis/news-and-research/inflation-in-germany-in-line-with-expectations-eurusd-with-limited-reaction

USD/CAD

USD/CAD Faces Resistance Below 1.3800 as Loonie Struggles to Gain Ground Amid Mixed Market Signals

USD/CAD struggles to break above 1.3800 as the Canadian dollar shows limited strength amid mixed market signals. While the U.S. dollar gains support from robust economic data and higher Treasury yields, the Loonie faces headwinds from subdued oil prices and dovish Bank of Canada cues. Traders remain cautious ahead of upcoming economic releases and central bank decisions.

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