US Economic Data »

  • H.S. Borji

    The Canadian dollar was on its heels Monday amid signs Canada’s economy expanded very modestly in April. The Canadian dollar declined 0.17 percent to 0.9361, rebounding from an intraday low of 0.9350. The USDCAD pair was up 19 pips to 1.0682 after three consecutive days of decline. The pair faces initial support at 1.0649 and

  • H.S. Borji

    The Canadian dollar maintained its highs Friday as commodity prices unexpectedly declined, a sign the loonie was still supported by weak US economic data from earlier in the week. Canada’s currency traded within a narrow range against its US counterpart, hitting an intraday high of 0.9367 US. The loonie would later consolidate at 0.9357 US,

  • H.S. Borji

    The US dollar was on the defensive Friday, as disappointing growth figures continued to weigh on the greenback leading up to the weekend. The popular gauge of the US currency’s strength declined 0.15 percent to 80.10, a five-week low. The dollar index, which pits the greenback against six other major currencies, is on pace to

  • H.S. Borji

    The Australian dollar was relatively unchanged Thursday, as the forex market weighed the latest batches of US economic data amid a quiet Australian schedule. The AUDUSD climbed to an intraday high of 0.9419 before settling at 0.9404. The trend line shows initial support at 0.9371 and resistance at 0.9427. Weaker demand for the US dollar

  • The investment landscape over the next week will focus on the potential for further monetary accommodation from the ECB, BOJ and Federal Reserve. Last week’s testimony from Federal Reserve Chair nominee Janet Yellen solidified the Fed’s bent that rates will remain very low for the foreseeable future. Yellen reiterated the Fed’s stance that the benefits