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Forex Analysis

Forex analysis provides analyst coverage of major currency price action

Canadian dollar rises on a more optimistic BOC

The Bank of Canada left interest rates unchanged but USD/CAD is far from unchanged, falling to new lows.It seems that markets were expecting a dose of dovishness after the disappointing inflation data, but the BOC chooses the bright side. Dollar/CAD ...

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FOMC Minutes leave door open for a June hike

The Fed releases the meeting minutes from the rate decision on May 3rd. At the time, the FOMC left the interest rate unchanged at a range of 75-100 basis points as widely expected. More importantly, officials seemed to have shrugged ...

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Canadian dollar rises on the BOC

The Bank of Canada left interest rates unchanged but USD/CAD is far from unchanged, falling to new lows. Were markets expecting a big dose of dovishness? — more coming The post Canadian dollar rises on the BOC appeared first on ...

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CAD: Busy 24 hours with the BOC and OPEC

The Canadian dollar recovered after the big blows, thanks to the bounce in oil prices. Will OPEC deliver on May 25th? The loonie also faces the Bank of Canada, which may be more dovish given the recent slide in inflation. What ...

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China Downgrade Irons Australian Dollar

A surprise sovereign downgrade of China by Moody’s sees iron ore collapse taking the Australian Dollar with it. If ever there was a lesson about how intertwined the global economy is in the 21st century, it is the sometimes love/hate relationship ...

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