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FXStreet - The Foreign Exchange Market - Economy
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USD/CAD falls to near 1.3650 due to renewed hopes of US-Canada trade talks
USD/CAD loses ground, trading around 1.3670 during the Asian hours on Monday. The Canadian Dollar (CAD) gains ground following the statement from Canada's Finance Ministry on Sunday that it will rescind the digital services tax to advance broader trade negotiations with the United States (US).
WTI holds steady near $64.50 on easing risk in Middle East
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $64.50 during the Asian trading hours on Monday. The WTI price trades on a flat note amid an easing of geopolitical tensions in the Middle East and the prospect of another OPEC+ output hike in August.
USD/INR climbs as Indian Rupee weakens due to potential FII outflows
The Indian Rupee (INR) loses ground against the US Dollar (USD) on Monday after registering gains in the previous two sessions. The NIFTY 50 trades around 25,550, declined by 0.33%, while the BSE SENSEX trades around 83,770, down by 0.34%, at the time of writing.
Pound Sterling Price News and Forecast: GBP/USD dips from 1.3770 high as US PCE, sentiment data lift Dollar
The GBP/USD retreats by over 0.10% after hitting a near four-year high of 1.3770 on Thursday, dipping to 1.3700 as the US Dollar recovers some ground following the release of the US Core Personal Consumption Expenditures (PCE) Price Index for May.
GBP/USD dips from 1.3770 high as US PCE, sentiment data lift Dollar
The GBP/USD retreats by over 0.10% after hitting a near four-year high of 1.3770 on Thursday, dipping to 1.3700 as the US Dollar recovers some ground following the release of the US Core Personal Consumption Expenditures (PCE) Price Index for May.