USD/CAD rebounds as USD Index refreshes nine-month high amid risk-on mood
Pananalapi USD/CAD rebounds as USD Index refreshes nine-month high amid risk-on mood 3 minuto ang nakalipas Balita ng Ethereum ng Bitcoin USD/CAD discovers buying interest near 1.3460, supported by a fresh upside in the US Dollar. S&P500 opens on a flat-to-negative note as investors remain worried about economic prospects. Fed Collins said on Friday that a further rate hike is certainly not off the table. The USD/CAD pair finds buying interest near 1.3460 amid sheer strength in the US Dollar. The Loonie asset aims to recapture the psychological resistance of 1.3500 as the market mood dampens amid deepening fears of a global slowdown. S&P500 opens on a flat-to-negative note as investors remain worried about economic prospects. The Federal Reserve (Fed) is expected to keep interest rates higher for a longer period as inflationary pressures in excess of the desired rate of 2% would be a hard nut to crack. The US Dollar Index (DXY) prints a fresh nine-month high near 105.90 as the US economy is absorbing the consequences of higher interest rates by the Fed comfortably. Slowing inflation and a resilient labor market allowed the Fed to keep interest rates unchanged last week. Also, hawkish guidance from Boston Fed President Susan Collins strengthened the US Dollar. Fed Collins said