
USD/CAD Forecast: Breakdown deepens as Fed hike bets fade
USD/CAD is trading at its lowest level since early June as data divergence builds. Attention now shifts to US inflation and whether Fed rate hike bets continue to dwindle.
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USD/CAD is trading at its lowest level since early June as data divergence builds. Attention now shifts to US inflation and whether Fed rate hike bets continue to dwindle.

Coordinated intervention has pushed fundamentals and technicals into the background for now. The next chapter will likely be written by Friday's payrolls report.

USD/JPY has surpassed several intervention levels ahead of NFP. A weak jobs report could unwind Fed bets and revive expectations of MOF intervention.

A bullish wedge keeps upside in focus, but markets may be more sensitive to weak US labour market data than another upside payrolls surprise.

USD/JPY is knocking on the door of a major breakout, but BOJ intervention risk continues to keep traders on edge. Can Fed Chair Kevin Warsh or Thursday's US payrolls report finally provide the catalyst?
Non-farm payrolls data releases are influential on both economic policy and financial markets. Discover what non-farm payrolls are, the upcoming NFP dates for 2024 and how you can trade them.