Dollar Strengthens Ahead of Crucial Economic Indicators, Bank of Canada Meeting The dollar gained ground ahead of pivotal U.S. economic indicators, as investors anticipate key data releases and the Bank of Canada’s policy meeting, which could initiate a cycle of rate cuts. Eyes are on U.S. services data, with further job figures expected later in the week. Lingering concerns over a softening U.S. economy have fueled speculation for earlier Federal Reserve interest rate adjustments. Meanwhile, the Bank of Canada’s meeting coincides with the European Central Bank gathering, amidst slowing annual inflation prompting expectations for a Canadian rate cut. Market sentiment suggests an 80% probability of a rate cut by the Bank of Canada, influencing broader G10 currencies like New Zealand. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Anticipation Ahead of Fed Meeting Leads to Decline in Treasury Yields READ MORE Stocks Head For Worst Week Since March 2023 READ MORE Swiss Central Bank Cuts Rates, Getting Ahead of Global Peers READ MORE Chinese Retail Investors Drive Gold Boom on Shanghai Futures Exchange READ MORE Gold Drops to 2-Week Low READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment