USD Weakness: The US Dollar weakened after the DOJ subpoenaed the Federal Reserve, seen as a political move to pressure Fed Chair Powell into cutting interest rates faster, raising concerns about Fed independence and potential inflation risks.
CAD Labor Market Report: The Canadian labor market report showed mixed results, with employment changes beating expectations but wage growth moderating and unemployment rising, leading the Bank of Canada to maintain a cautious stance on interest rates.
USDCAD Technical Analysis: The USDCAD pair is experiencing a pullback after reaching the 1.39 resistance level, with sellers targeting a drop to 1.38, while buyers are looking for opportunities around the 1.38 support to push towards 1.41.
Upcoming Economic Data: Key upcoming economic reports include the US CPI, Retail Sales, and PPI, which could significantly impact market expectations and the USD, alongside a potential Supreme Court decision on Trump's tariffs.
Wall Street analysts forecast USD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for USD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast USD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for USD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 56.660
Low
Averages
High
Current: 56.660
Low
Averages
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
