EUR/USD Holds Steady Ahead of FOMC as Eurozone GDP Supports Stability
EUR/USD remains stable near 1.1648 amid subdued market activity and cautious risk sentiment ahead of next week's major central bank meetings, including the FOMC.
Market context
Follow the story. See which markets it affects. Explore the context.
EUR/USD remains stable near 1.1648 amid subdued market activity and cautious risk sentiment ahead of next week's major central bank meetings, including the FOMC.
Positive signs of a US-China trade deal boost market sentiment, encouraging traders to buy risk assets including EURUSD and GBPUSD.
USDCAD shows bearish pressure after a strong Canadian employment report and dovish Fed tone amid US government shutdown and tariff concerns, with key CPI data upcoming to influence direction.
The Canadian dollar weakened after the Bank of Canada cut rates while Fed comments were relatively hawkish; falling oil and a wider Canada-U.S. 10-year yield spread further pressured the loonie, lift…
A surprise loss of 65,500 Canadian jobs and falling oil weakened the loonie, boosting USDCAD as markets price a likely Bank of Canada rate cut and lower Canadian yields.