Day: April 11, 2024

Canadian Dollar Down as US Dollar Proves ‘Unstoppable’

USD-CAD_oksignals_article image

The Canadian Dollar (CAD) remains on the defensive for the second consecutive day, depreciating over 1% against a broadly stronger US Dollar. Market sentiment has shifted away from expectations of 2024 Federal Reserve (Fed) rate cuts. US PPI Offers Mixed Signals, Fed Speakers Assess Inflation While US Producer Price Index (PPI) data showed some cooling, […]

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