Market Insights

USD/CAD slides after the strong Canadian jobs numbers

The US dollar rose against most currencies as US bond yields rose after falling for the past few days. It rose by 0.15% against the euro, 0.45% against the Japanese yen, and 0.25% against the Swedish krona.

Fri, Apr 9 Daily Forecast USD/CAD forms double top pattern ahead of Canada jobs numbers

FOMC minutes and Powell speech keep the greenback pressured

The US dollar fell sharply against the euro and the Japanese yen currencies this week as the FOMC meeting minutes revealed a strictly dovish dovish amongst FED policy members.

Week 14, Apr 5 - 11 Weekly Forecast FOMC meeting minutes to set the weekly market tone