TODAY'S MARKET INTELLIGENCE
US Treasury Yields Fall and Oil Prices Stabilize, USD/CAD Pressured Near 1.4180 in Asian Session
English summary
USD/CAD fell slightly to around 1.4175 in the Friday Asian session. The decline was driven by fading US rate hike expectations after Fed Chair Warsh's non-committal remarks, while rising WTI crude oil prices and hawkish comments from the Bank of Canada Governor supported the CAD. However, US-Canada trade frictions and Middle East geopolitical risks limited further CAD gains.
The English text is machine translated and may require verification against the Chinese version.
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