TODAY'S MARKET INTELLIGENCE
Fed Hawkish Expectations Support USD; USD/CAD Consolidates
English summary
In Wednesday's Asian session, USD/CAD stabilized near 1.4060 after four days of decline. Surging oil prices support both the USD (via inflation/safe-haven) and CAD (via terms of trade), creating a tug-of-war effect. Technically, short-term moving averages are bearish and RSI indicates weak consolidation, with expected volatility in the 1.3980-1.4075 range.
The English text is machine translated and may require verification against the Chinese version.
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