The volatility for the CAD is expected
Canada will release the level of core retail sales and CPI on March 22, at 14:30 MT time.
Greenback is at 2-1/2 week maximums
On Friday, the US currency was hovering over a two-and-a-half week maximums versus other key currencies, amid mounting optimism as for a crucial US tax reform plan. Additionally, the greenback was underpinned by the fact traders closely watched the publication of major American employment data a bit later in the day.
The US dollar was driven after on Thursday the US approved legislation to temporarily fund the American government through December 22, prior to a Friday midnight deadline. It powered expectations that the highly-anticipated American tax reform is going to be passed before the end of 2017.
Republicans welcomed negotiations with the House of Representatives on a key tax reform bill, indicating that lawmakers could come to a compromise on a final bill prior to a self-imposed December 22 deadline.
The common currency dived, with EUR/USD losing 0.20% showing 1.1749, which is the lowest reading since November 23.
GBP/USD stood still sticking to 1.3474. USD/JPY rose 0.34% hitting 113.47.
Similar
Bitcoin conquers $4,000
On Thursday, key crypto assets managed to make some gains in Asia having lost ground for two days…
Greenback dives to wager on Fed rate reversal
On Thursday, the evergreen buck faced heavy losses in Asia because the key US bank shocked the financial markets by giving up all of its plans to have rates lifted in 2019, which appears to be an indication that its three-year campaign to stabilize its…
Latest news
Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
Greenback edges down
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
Deposit with your local payment systems
