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 McDonald’s CEO Promises ‘Affordability’ Amid $18 Big Mac Combo Backlash READ MORE LVMH Shines with Record Revenue in Jewelry Sales READ MORE Could Trump's Policies Strengthen Dollar? Experts are Split READ MORE Rise in Hong Kong Jewelry Market, Exports Up 6% in Early 2024 READ MORE Poland’s Central Bank ramps up Gold Purchases during July, and now holds 300 tonnes of Gold READ MORE Add a Comment Cancel replyYour email address will not be published.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