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Market News

  • Canadian Dollar steadies as falling Oil offsets US Dollar weakness

    USD/CAD trades around 1.3940 on Thursday at the time of writing, virtually unchanged on the day. The pair remains caught between two opposing forces: the US Dollar (USD) weakens following softer-than-expected US data, while the Canadian Dollar (CAD) struggles amid falling Oil prices. Pressure on the Greenback intensified following the release of the United States

    August 13, 2026
  • Dollar falls on flat PPI, cooling rate hike bets

    NEW YORK, Aug 13 (Reuters) – The dollar fell on Thursday after data showed producer prices were ‌unchanged in July, coming after Wednesday’s consumer price inflation report that showed that U.S. consumer prices barely increased last month.The flat reading in the Producer Price Index for final demand last month followed a revised 0.1% drop in

    August 13, 2026
  • Euro edges higher against US Dollar after soft US PPI data

    EUR/USD holds modest gains on Thursday as softer-than-expected US Producer Price Index (PPI) data fails to trigger a strong reaction in the pair. At the time of writing, EUR/USD trades around 1.1537 after recovering from an intraday low of 1.1511, its lowest level in more than a week. Data released by the US Bureau of

    August 13, 2026
  • Gold Falls 0.7% Even as Fed Hike Odds Drop to 36%, Keeping the Bull Case Intact

    Cooling Inflation Cuts Fed Hike Odds, While Profit-Taking Tests Gold SupportSpot gold fell 0.7% to $4,373.29/oz after briefly rising about 1% to a two-month high. December US gold futures fell 0.8% to $4,430.20/oz, confirming broader short-term selling. US CPI slowed to 3.4% year over year from 3.5%, reducing expectations for another Fed hike. Gold broke

    August 13, 2026
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