Weekly Review and Outlook: Fed Sent Stocks to Records and Weighed Down Dollar, Canadian Dollar Shone Dollar ended the week generally lower except versus the Japanese yen and Aussie even though Fed continued with tapering of the asset purchases. Markets seemed to have ignored the slight upward revision on FOMC member's rate forecasts, but were more focus on Yellen's message of keeping rates low for extended time. The sentiments also sent stocks higher with DOW and S&P 500 hitting ...
USD/CAD little changed in rangebound trade The U.S. dollar was almost unchanged against the Canadian dollar on Wednesday, as trade remained subdued without any significant economic data to give investors a clear direction. USD/CAD was last trading at 1.0902 and was moving in a range of 1.0894 to 1.0922. The pair was likely to find support at 1.0875 and resistance at 1.0925, Tuesday's high. The pair showed little reaction after data released earlier ...
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