Close Menu
  • Business
  • Black Business
  • SMALL BUSINESS
  • BANK/FRAUD FINANCIAL CRIMES
  • Celebrities
  • CRYPTO
  • DEBT
  • Entrepreneur
  • ESTATE PLANNING
  • FRANCHISE
  • Gossip
  • GLOBAL ECONOMY
  • Music
  • MUTUAL FUNDS
  • Political
  • Pop Culture
  • PERSONAL FINANCE
  • Wall street
  • Privacy Policy
  • Business News Disclaimer
  • Contact Us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Terms and Condition
What's Hot

Partynextdoor, G Herbo, & More

Tyler Perry Says Accuser ‘Needs Help’ Amid $260M Assault Case

Vic Mensa Accuses Trump Of Causing Division In Chicago

Facebook X (Twitter) Instagram
Trending
  • Partynextdoor, G Herbo, & More
  • Tyler Perry Says Accuser ‘Needs Help’ Amid $260M Assault Case
  • Vic Mensa Accuses Trump Of Causing Division In Chicago
  • Stacey Abrams’ New Georgia Project Officially Dissolves
  • Another Banner Week for White Supremacists
  • Sir David Attenborough, 99, becomes oldest Daytime Emmy winner
  • NBA YoungBoy Brings King Von’s Killer On Stage
  • Grambling It-Girlies Who Stunned At Homecoming 2025
Facebook X (Twitter) Instagram YouTube
THE MIRROR OF MEDIA
  • Home
  • Accounting
  • Banking
  • Business
  • Political
  • Crypto
  • Real Estate
  • Ecommerce
  • Entrepreneur
  • Investment
  • More
    • Music
    • Gossip
    • Pop Culture
    • Wall street
    • IPO’S
    • Mortgage/Loans
    • Venture Capitalists/Angel Investors
THE MIRROR OF MEDIA
You are at:Home»Business»USD / CAD – Canadian dollar stuck in a rut
Business

USD / CAD – Canadian dollar stuck in a rut

adminBy adminNo Comments3 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
Share
Facebook Twitter LinkedIn Pinterest WhatsApp Email


– Trump renews personal attacks on Powell

– US ADP employment data focus

– US dollar steady but on the defensive.

USDCAD open 1.3651, Range July1-July 2, 1.3592-1.3670, close 1.3646, WTI 65.65, Gold 3242.07

The Canadian dollar traded with a bullish tone yesterday before retreating following a resilient US JOLTS report and comments from Fed Chair Powell indicating no immediate changes to interest rate policy, which lent the greenback some support.

Trade negotiations between Canada and the US are back on the table after Prime Minister Mark Carney scrapped the proposed Digital Services Tax (DST) targeting American tech giants. While Trump welcomed the decision, many Canadians were equally relieved. The concern was that the full cost of the DST would have been passed along to Canadian consumers, leading to higher bills and increased GST charges.

Today’s FX direction will hinge on the release of US ADP employment data, with markets expecting a jump to 95,000 from May’s 37,000, as well as any fresh developments related to the so-called Big Beautiful Bill, which is due for another vote in the House.

There are no domestic economic releases scheduled for Canada today.

EURUSD moved between 1.1762 and 1.1829 yesterday and weakened further in NY trade. The downward pressure came after a relatively firm US JOLTS report. Comments from several ECB officials, including President Christine Lagarde, flagged supply disruptions as a concern but maintained that interest rates would still trend lower. Meanwhile, EU negotiators are reportedly open to accepting a 10% base tariff from the United States, provided Washington reduces duties on other goods such as autos and pharmaceuticals—another apparent victory for Trump.

GBPUSD has been consolidating gains from last week within a 1.3638–1.3790 band. The currency is under mild pressure following dovish remarks from Bank of England Governor Andrew Bailey, who pointed to cooling growth and a softening jobs market as reasons for a more gradual easing in monetary policy.

USDJPY remained inside its previous 142.70–144.36 band, with the low coming after Japan’s Tankan survey surprised to the upside. That strength briefly weighed on USDJPY before a modest rebound on the back of US data and Fed Chair Powell’s steady policy tone. Bilateral trade talks between Japan and the US are in focus, with Trump threatening to impose 30–35% tariffs if Japan refuses to buy American rice by his July 9 deadline.

AUDUSD traded in a 0.6554–0.6592 range, initially pressured by a soft S&P Global June Manufacturing PMI (50.6 vs. forecast 51.0), though those losses were offset by better Chinese factory data. Weaker building permits and sluggish retail sales data released overnight contributed to the pair’s rangebound behavior.



Source link

Share. Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Telegram Email
Previous ArticleTrump’s EPA Pulls Back PFAS Protections — ProPublica
Next Article No Kings, International Movement
admin
  • Website
  • Facebook

The most informative business website online.

Related Posts

Sir David Attenborough, 99, becomes oldest Daytime Emmy winner

First phase sells out at Birmingham resi scheme

Megaworld’s big wins highlight sustainability, tourism, best workplace

Comments are closed.

Don't Miss
Pop Culture

Partynextdoor, G Herbo, & More

Source: @Therealkahlel/@Wesotoldme / otherSpelhouse’s annual homecoming concert was one for the books, and the students…

Tyler Perry Says Accuser ‘Needs Help’ Amid $260M Assault Case

Vic Mensa Accuses Trump Of Causing Division In Chicago

Stacey Abrams’ New Georgia Project Officially Dissolves

Another Banner Week for White Supremacists

Sir David Attenborough, 99, becomes oldest Daytime Emmy winner

NBA YoungBoy Brings King Von’s Killer On Stage

Grambling It-Girlies Who Stunned At Homecoming 2025

PHOTOS: Rashmika Mandanna, Ayushmann Khurrana and More Attend Thamma’s Screening

Are MLS policies built for the ChatGPT era?

DJ Akademiks Told Drake To Move On From Kendrick Lamar

Saweetie Fights Back Against Maybach May’s Escort Allegations

Influencer Warns Bitcoin ‘Accident’ Ahead, Says Even The Ambulance Can Crash

Rumors Swirl That Eminem Is Dating His Stylist, Katrina Malota

Here Are The Real Housewives Of Potomac Season 10 Taglines

About Us
About Us

LewLewBiz delivers practical insights on entrepreneurship, finance, and business operations. Explore expert advice on payroll, landlord strategies, and industry news to empower your financial decisions and business growth.

We're accepting new partnerships right now.

Email Us: lewlewmedia@gmail.com
Contact: lewlewmedia@info.com

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

Partynextdoor, G Herbo, & More

Tyler Perry Says Accuser ‘Needs Help’ Amid $260M Assault Case

Vic Mensa Accuses Trump Of Causing Division In Chicago

Most Popular

HORRIFIC🚨INJUSTICE: ACQUITTAL = TO 24 YEARS IN PRISON, EVIDENCE 🔎🔬🔍DENIED!

Sponsor: Justice for Oswald Lewis

Democratic Governors Send Warning To Texas After Redistricting

Samsung Care+ Premium is the perfect addition to make household investments last

© 2025 lewlewmedia since 2016
  • Business
  • Black Business
  • SMALL BUSINESS
  • BANK/FRAUD FINANCIAL CRIMES
  • Celebrities
  • CRYPTO
  • DEBT
  • Entrepreneur
  • ESTATE PLANNING
  • FRANCHISE
  • Gossip
  • GLOBAL ECONOMY
  • Music
  • MUTUAL FUNDS
  • Political
  • Pop Culture
  • PERSONAL FINANCE
  • Wall street
  • Privacy Policy
  • Business News Disclaimer
  • Contact Us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Terms and Condition

Type above and press Enter to search. Press Esc to cancel.