USD/CAD RISES ABOVE 1.4400 ON FED'S CAUTIOUS POLICY OUTLOOK AND US DOLLAR STRENGTH

Tina Collins

03 Jan 2025 — 1 min read

USD/CAD RISES ABOVE 1.4400 ON FED'S CAUTIOUS POLICY OUTLOOK AND US DOLLAR STRENGTH

USD/CAD climbs above 1.4400, reaching near 1.4420 in the European session.

The US Dollar hits a two-year high as expectations grow for a moderate rate-cut cycle by the Federal Reserve in 2025.

Fed officials indicate fewer interest rate cuts, with Federal Fund rates expected to reach 3.9% by 2025.

US Dollar Index (DXY) posts a fresh high at 108.60, reflecting USD dominance over major peers.

Investors await US ISM Manufacturing PMI data and labor market indicators for further clues on rate cuts.

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BITCOIN PRICE STALLS AT $100.6K AS TRUMP-LINKED TOKENS GAIN POPULARITY

GOLD POISED FOR THIRD WEEKLY GAIN ON FEDERAL RESERVE RATE CUT BETS

Surprise Fed Statements: March Could See Interest Rate Cut

LITECOIN PRICE PREDICTION: LTC WHALES DEMAND SURGES