THE National Economic and Development Authority (Neda) is seeking data sharing and greater disaggregation of the International Merchandise Trade Statistics (IMTS) of the Philippine Statistics Authority (PSA). In a data dissemination forum on Monday, the Chief Eco-Development Specialist of the Neda Trade, Services, and Industry Staff said the IMTS informs…
4/7/2021 12:22:22 PM GMT | By Eren Sengezer
USD/CAD is rising for the second straight day on Wednesday.
US Dollar Index turns positive above 92.30 in the early American session.
10-year US Treasury bond yield is up 1% ahead of FOMC Minutes.
The USD/CAD pair managed to post modest gains on Tuesday and preserved its bullish momentum to touch a fresh weekly high of 1.2618 on Wednesday. As of writing, the pair was up 0.33% on a daily basis at 1.2606.
Eyes on FOMC Minutes
Following Tuesday s sharp drop, the benchmark 10-year US Treasury bond yield is up 1% on Wednesday, helping the greenback stay resilient against its rivals. At the moment, the US Dollar Index is posting small daily gains at 92.35.
USD/CAD clings to gains above 1 2600 as rising US T-bond yields support USD forexcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forexcrunch.com Daily Mail and Mail on Sunday newspapers.
1/7/2021 11:27:42 AM GMT | By Eren Sengezer
USD/CAD gained traction after breaking above 1.2700 on Thursday.
US Dollar Index is posting strong daily gains, closes in on 90.00.
Crude oil prices rise for the third straight day.
The USD/CAD pair stayed relatively quiet around 1.2680 during the Asian trading hours but turned north ahead of the American session. As of writing, the pair was up 0.43% on the day at 1.2731.
DXY preserves bullish momentum ahead of key US data
The broad-based USD strength on Thursday seems to be fueling USD/CAD s climb on Thursday. The 10-year US Treasury bond yield gained more than 8% on Wednesday as investors started to price in more government spending amid imminent Democratic majority in the US Senate. The US Dollar Index (DXY) capitalized on soaring bond yields and closed in the positive territory after slumping to a multi-year low of 89.20. At the moment, the DXY is up 0.42% at 89.90.