USD Market Overview: The US dollar has shown volatility as traders await the NFP report, with mixed economic data influencing expectations for potential Fed rate cuts by year-end.
CAD Economic Update: The Bank of Canada maintained interest rates, expressing caution due to weak GDP and employment reports, while the latest inflation data prompted a dovish shift in rate expectations.
USDCAD Technical Analysis: The USDCAD pair is testing key resistance at 1.39, with potential for a drop to 1.3540 if sellers step in, while buyers aim for a breakout towards 1.41.
Upcoming Economic Events: Key upcoming data includes US Jobless Claims and labor market reports from both the US and Canada, 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
High
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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.
