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The dollar steadies on strong housing data, Fed testimony in focus

The dollar steadies on strong housing data, Fed testimony in focus The dollar index held steady around 102.5 on Wednesday, supported by surprisingly strong US housing data. Investors are also awaiting comments from Federal Reserve Chair Jerome Powell’s testimony before Congress later in the day. Data showed that housing starts in the US surged 21.7% …

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USD/CAD stabilizes above 1.3200 following footprints of sideways oil and USD Index

The USD/CAD pair is consolidating above the 1.3200 level as investors await the release of key economic data from Canada and the US. The Canadian dollar is expected to receive support from the Retail Sales data, which is expected to show a modest increase in April. However, the oil price is capped above $72.00, which …

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FOMC response – dovish statement, hawkish press conference

FOMC response – dovish statement, hawkish press conference

Definitely, blended information is a fascinating methodology. The Federal Reserve is apparently indifferent to monetary market instability! Rundown through RBC (this is exceptionally short): The strategy explanation broadcasted an obviously tentative vibe with the board saying it will “consider the combined fixing of money-related strategy, the slacks with which money-related strategy influences monetary movement and …

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