Share Tips - The USD/CAD dipped 52 points as the greenback went into recoil cuurently . The Loonie was carry by robust, gold prices but weakness in oil and other commodities took its toll on the commodity cash. The cople is trading at the 1.2995.
The market will watch the July 28-29 Fed meeting to see if policymakers provide clues for the timing of a rate “lift-off.” Steadily rising expectations the Fed could begin hiking rates as early as September have been a key factor behind the dollar’s gains over the past month.
Share Tips - Aside from the Fed, the focus remained on sliding commodity prices and their potential impact on cash. The more clear crash from lower commodity prices has been felt by currencies of exporters such as Norway , Australia and Canada . But commodity-importer currencies such as the yen were also expected to feel the effect.
U.S. crude traded near four-month lows on this Monday, resolved by cover over oversupply and potentially weaker needs from major consumers like China.
The market will watch the July 28-29 Fed meeting to see if policymakers provide clues for the timing of a rate “lift-off.” Steadily rising expectations the Fed could begin hiking rates as early as September have been a key factor behind the dollar’s gains over the past month.
Share Tips - Aside from the Fed, the focus remained on sliding commodity prices and their potential impact on cash. The more clear crash from lower commodity prices has been felt by currencies of exporters such as Norway , Australia and Canada . But commodity-importer currencies such as the yen were also expected to feel the effect.
U.S. crude traded near four-month lows on this Monday, resolved by cover over oversupply and potentially weaker needs from major consumers like China.
No comments:
Post a Comment