Page 17 - Nterestrate News Today

USD/CAD has pushed higher to start the year. Economists at the National Bank of Canada analyze Loonie’s outlook Rate cuts by the BoC are likely to arrive before the Fed The Canadian Dollar (CAD) has been under pressure from a combination of a stronger USD, a slowing economy and rising expectations for an easing in monetary policy.

USD/MXN is now in the 17.20 area. Economists at ING analyze Mexican Peso’s outlook.

The Japanese Yen (JPY) extends its sideways consolidative price move against its American counterpart during the Asian session on Tuesday and remains well within the striking distance of the lowest level since November 28 touched last week.

The EUR/USD pair struggles to gain any meaningful traction during the Asian session on Tuesday and oscillates in a narrow trading band below the 1.0900 round-figure mark.

The Japanese Yen (JPY) has strengthened after today’s BoJ policy meeting resulting in USD/JPY falling back towards the 147.00 level.

The Japanese Yen (JPY) is experiencing a rebound following the Bank of Japan (BoJ) policy announcement.

EUR/USD continues to track shorter-dated yields. Kit Juckes, Chief Global FX Strategist at Société Générale, analyzes the pair’s outlook.

The risk-reward is tilted back towards fading the recent US Dollar strength, analysts at TD Securities say.

San Francisco Federal Reserve Bank President Mary Daly said on Friday that she believes the central bank has a lot of work left to do on bringing inflation back down to the Fed's 2% target and it’s too early to think interest-rate cuts are around the corner.

Gold (XAU/USD) has risen along with geopolitical risks and expectations of US rate cuts.