USDCAD Rebound Meets Resistance at Key Trendline After Support Bounce
USDCAD bounced from moving average support but stalled at a descending trendline, setting up a key technical battle for next week.
USDCAD bounced from moving average support but stalled at a descending trendline, setting up a key technical battle for next week.
US August PPI came in at 5.4% annually, slightly above the 5.3% forecast, with dollar strengthening on the data.
Treasury confirmed a buyback of up to $6 billion, a figure that disappointed, while 30-year yields touched a session high of 5.29%.
Economic calendar for September 7-11 with ECB meeting, U.S. inflation data, and Australian consumer sentiment.
The PBOC is expected to set its daily USD/CNY reference rate at 6.7086, according to a Reuters estimate.
Goldman Sachs says next week's inflation data, not the strong jobs report, will decide the Fed's September move. It expects a benign CPI to hold rates steady.
Trump demands lower rates, threatening to halt trade with deficit countries.
US non-farm payrolls rose 162K in August, well above the 56K expected, while the unemployment rate held at 4.1%.
PBOC to set USD/CNY reference rate, expected at 6.7098 per Reuters estimate.
Deutsche Bank warns the dollar is riskier and tied to AI success as tokenization shifts funding flows.
USDCHF fell nearly 0.9% after sellers took control following a failed upside breakout, breaking key moving averages.
Fed's Waller hints at rate hold on disinflation; stocks rise, yields and dollar fall as markets react.
PBOC set yuan reference rate at 6.7807, above estimates, and conducted no reverse repo operations while 103 billion yuan matured.
USD mixed, stocks rise as Middle East tensions simmer. ADP data shows weak hiring ahead of Friday's payrolls report.
US dollar mixed vs yen, euro, pound. RBNZ hikes to 2.75%, BOC seen holding. Oil steady near $89.50 amid US-Iran tensions.