U.S. Dollar Weakens as Market Calm Sparks Gains in GBP and CAD: Technical and Fundamental Outlook
U.S. dollar momentum is fading as market volatility cools down, easing pressure on GBP and CAD. Softer inflation data and shifting Fed rate expectations weigh on USD, while GBP/USD breaks key resistance and USD/CAD benefits from steadier oil prices. Watch for further shifts in risk sentiment to guide these currency pairs.
