USD/CAD saw notable volatility last week as the Canadian dollar weakened amid slipping oil prices and disappointing trade data. With crude prices down 8% and a larger-than-expected trade deficit, the CAD struggled despite stable BoC policy. Meanwhile, strong US economic data and higher Treasury yields supported the USD. Watch for further CAD pressure unless oil stabilizes or Canadian data improves.
The 2024 forex market is marked by volatility driven by diverging central bank policies, shifting economic data, and geopolitical risks. The US dollar retains safe haven status amid Fed’s cautious stance on rates, while the Japanese yen remains weak as the Bank of Japan maintains ultra-loose policy. Traders closely watch key pairs like EUR/USD and USD/JPY for signals on monetary divergence and inflation trends. Insights from Mitrade, Reuters, and Bloomberg underline the complex interplay shaping currency moves today.
Credit Agricole forecasts GBP/USD reaching 1.33 by the end of 2026 amid ongoing monetary policy divergence, UK growth challenges, and shifting global risk sentiment. Expect sideways trading near 1.25-1.28 through 2024, with a gradual sterling appreciation thereafter as UK economic stability improves.
(Source: James Buckley, ExchangeRates.org.uk)
Forex Market Update: The USD holds on to recent gains as it consolidates near key levels ahead of important U.S. economic data this week. Traders focus on non-farm payrolls and jobless claims, which will influence Federal Reserve rate outlooks and currency trends. Stay tuned for shifts in momentum.
Sanae Takaichi’s victory in Japan’s LDP election boosts stocks on expectations of fiscal stimulus and loose monetary policy. Meanwhile, the yen weakens sharply and Japanese government bonds face pressure amid prospects of prolonged easing and increased government spending. Markets stay watchful for evolving economic policies. #JapanEconomy #Takaichi
Weekly Forex Forecast for October 5, 2025: EUR/USD faces ongoing bearish pressure with key resistance near 1.0600; a break above 1.0750 could shift momentum. USD/CAD remains supported above 1.3550 as bullish patterns suggest upside potential. Watch S&P 500 for cues amid global economic uncertainties. Stay informed with DailyForex.com insights.
Certainly: Strong US jobs data surpasses expectations, pushing the dollar sharply higher and rattling forex markets. Robust payrolls and wage growth fuel bets on prolonged Fed tightening, sending EUR, GBP, AUD, and NZD lower as USD/JPY nears 150. Markets brace for sustained volatility. #Forex #USD #Fed
Credit Agricole forecasts GBP/USD rising to 1.33 by end-2026, driven by narrower UK-US yield spreads, cautious BoE policy, and modest UK growth recovery. A gradual Fed easing cycle and improved UK economic fundamentals support sterling’s steady appreciation against the dollar. For details, see Tom Holian’s report at ExchangeRates.org.uk.
U.S. services sector shows stronger growth than expected as S&P Global Services PMI for March hits 54.2, well above the forecast of 51.7. This signals sustained expansion amid inflation and interest rate concerns, boosting investor confidence and strengthening the dollar. Read more on VT Markets.
Sanae Takaichi’s rise to LDP leadership signals policy continuity with expanded fiscal stimulus and persistent BOJ easing, fueling optimism for Japanese equities while pressuring the yen and government bonds. Expect gains in construction, defense, and tech sectors amid sustained accommodative monetary policy and yen depreciation pressures. #JapanMarkets #Takaichi #LDP
