TODAY'S MARKET INTELLIGENCE
USD/CAD Pressured Near 1.4180 Amid Falling US Yields and Stable Oil Prices
English summary
USD/CAD extended its decline to the 1.4175-1.4180 range during Friday's Asian session. Fed Chair Warsh's refusal to pre-judge rate decisions cooled hike expectations and lowered US yields, weakening USD support. Meanwhile, high WTI crude prices and hawkish signals from BoC Governor Macklem boosted CAD. However, US-Canada trade friction and geopolitical risks limited CAD's upside potential.
The English text is machine translated and may require verification against the Chinese version.
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