Powered by
TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
BTC DOMINANCE 0.0%
ETH DOMINANCE 0.0%
TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
Powered by
TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
BTC DOMINANCE 0.0%
ETH DOMINANCE 0.0%
TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B

USD/CAD Stays Below 1.4400 as Traders Await Fed Comments

James Carter
James Carter

James Carter

James is a seasoned forex trader and financial analyst with...

Full Bio

James Carter

Share

The USD/CAD pair remained subdued below the 1.4400 level on Thursday, reflecting cautious market sentiment ahead of upcoming remarks from key Federal Reserve officials. Traders are focusing on potential signals regarding the central bank’s monetary policy trajectory, especially as inflation concerns and economic growth challenges persist.

Despite recent strength in the U.S. dollar, the Canadian dollar held firm, supported by steady oil prices, a crucial factor for Canada’s resource-driven economy. Analysts suggest that the currency pair’s movements will hinge on the tone of the Fedspeak, with hawkish commentary likely reigniting dollar demand. However, dovish signals could push USD/CAD further away from the 1.4400 threshold, offering short-term relief for CAD bulls.

Market participants are now bracing for further clarity as the Federal Reserve balances its inflation-fighting mandate with growing recession risks, keeping the USD/CAD pair in a narrow trading range.

Subscribe to our Newsletter

Every week, we’ll send you the latest tips, tricks, reviews and advice on how to trade to a wealthier lifestyle

View more articles by

Related Articles

WTI crude oil prices edge above $69
WTI crude oil prices edge above $69.50 amid escalating trade tensions
Bank of Japan members acknowledge inflation exceeds expectations, signaling continued vigilance
Bank of Japan members acknowledge inflation exceeds expectations, signaling continued vigilance
Tokyo's consumer inflation remains steady in March, surpassing Bank of Japan's target
Tokyo's consumer inflation remains steady in March, surpassing Bank of Japan's target
5 best bitcoin forex brokers for 2025 Review
5 BEST Bitcoin Forex Brokers For 2025: Reviewed By Trading Insider
WTI Crude Oil Price Inches Up Above $69
WTI Crude Oil Price Inches Up Above $69.50 Amid Venezuela Supply Disruptions