Canadian Dollar opens with a quiet Monday despite central-bank-laden week

Canadian Dollar finds little chart momentum as investors gear up for a busy week. Canadian CPI inflation first on the docket, expected to tick up on Tuesday. Fed Wednesday brings rate call, updated Dot Plot. The Canadian Dollar is sifting chart paper on Monday, easing into the trading week as investors take a moment to breathe before a full-pull central bank week begins in earnest. The Federal Reserve is expected to update its summary of interest rate forecasts, or Dot Plot, on Wednesday.

The CAD is next to flat against the US Dollar , the Euro , the Pound Sterling , the Australian Dollar and the New Zealand Dollar on Monday. Despite flat markets, the Canadian Dollar is up around a third of a percent against the Swiss Franc on the day. USD/CAD is cycling tightly within familiar technical levels, playing just below 1.3550. Intraday technical support sits at the 1.3500 handle, parked at the 200-hour Simple Moving Average . A near-term supply zone is priced in between 1.3600 and 1.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Canadian Dollar sees thin gains on quiet Monday as markets await US CPI inflationThe Canadian Dollar (CAD) had a mild recovery on a quiet Monday, trading into the green against most of its major currency peers as broader markets hunkered down and waited for a push from US Consumer Price Index (CPI) inflation figures slated for Tuesday.
Source: FXStreetNews - 🏆 14. / 72 Read more »