The Canadian Dollar (CAD) stooped even lower against the US Dollar (USD) on Wednesday, sending the USD/CAD pair to a fresh seven-month high. The USD/C
A rising US Dollar bolstered by climbing US Treasury yields is sending USD/CAD higher. on Wednesday, sending the USD/CAD pair to a fresh seven-month high. The USD/CAD pinged a new high of 1.3780 before the USD finally eased off enough for the pair to ease back to 1.3740.
The Greenback continues its march up the charts as US Treasury yields continue to punch higher. The 1-year US Treasury yield hit 4.882% early Wednesday as US yields across the curve remain pinned into 17-year highs.The Canadian Loonie hit a new seven-month low against the Greenback.One more rate hike could provide the CAD with some much-needed support.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canadian Dollar pinned to the bottom as US Dollar continues to march higherThe Canadian Dollar (CAD) continues to sink against the US Dollar (USD) as broad-market risk-off flows remain the overall theme for investors on Tuesd
Read more »
Australian Dollar faces pressure due to risk-off sentiment and a stronger US DollarThe Australian Dollar (AUD) attempts to snap a two-day losing streak on Wednesday. However, the AUD/USD pair is under pressure due to risk-off sentime
Read more »
Employee shoots co-worker at Beech Grove Family Dollar/Dollar TreePolice took a 21-year-old into custody Monday after he shot his co-worker in the leg.
Read more »
Oil Price Outlook: Brent Crude, WTI Take a Breather as USD SurgesOil prices pulled back from the yearly high, testing levels around the prior swing low. Will storage data reveal further drawdowns, potentially eyeing a bullish continuation?
Read more »
WTI crude retreats below $89.00 on rising output amid economic slowdown concernsWest Texas Intermediate (WTI), the US crude oil benchmark, sinks after hitting a daily high of $91.84 per barrel, though profit-taking and recent news
Read more »
Crude Oil Vulnerable as Recent Drop Pushes Retail Traders to Build Upside ExposureCrude oil prices fell the most over the past 2 days since early June and retail traders responded by becoming more bullish. Is this a warning sign that WTI may continue lower next?
Read more »