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USDCAD dropped sharply after weaker-than-expected Canadian GDP data, testing key support near 1.3937. Resistance around 1.3968–1.3975 limits upside, maintaining short-term bearish bias with possible …
Dollar weakens as U.S. government shutdown delays payrolls; ISM services stalls and Fed rate-cut odds rise, lifting EURUSD and GBPUSD while USDCAD edges lower.
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.
The dollar weakened after New York Fed chief John Williams signaled a possible rate cut, boosting easing bets. Political pressure from President Trump and Fed governor Lisa Cook's lawsuit added uncer…