CAD/USD Exchange rate
Editors’ Picks
AUD/USD stays defensive near 0.6500 after Australian CPI data
AUD/USD stays defensive near 0.6500 in Wednesday's Asian trading. The Aussie faces headwinds from softer Australian CPI inflation data for May, which fans RBA rate cut expectations. A pause in the US Dollar sell-off undermines the pair despite a better market mood.
USD/JPY hangs near one-week low amid mixed cues
USD/JPY remains depressed below the 145.00 mark, marking a one-week low following the release of strong Services PPI from Japan, which supports the case for more BoJ rate hikes and underpins the JPY. Meanwhile, the USD struggled to attract buyers after Fed's Powell reaffirmed the wait-and-see rate policy.
Gold price ticks higher on weaker USD; upside seems limited
Gold price is looking to build on the previous day's bounce from sub-$3,300 levels, or over a two-week low, amid the prevalent USD selling bias. However, Powell's hawkish tone could limit deeper USD losses. Furthermore, the Israel-Iran ceasefire optimism might cap the yellow metal.
Circle stock plunges 15%, analysts predict bearish pressure from key long-term headwinds
Circle shares slid 15% on Tuesday following analysts' predictions that declining interest rates and competition from other stablecoin issuers would affect its long-term growth.
Could Iran block the Strait of Hormuz? Why Oil is on edge after US strikes
As the Israel-Iran conflict reaches new heights, an old threat is coming back to haunt the markets: that of the closure of the Strait of Hormuz. This narrow arm of the sea in the Persian Gulf, wedged between Iran to the north and the United Arab Emirates and Oman to the south, is much more than a simple sea passage.