Loonie holds amid focus on US stimulus talks

Economies.com
2021-02-12 16:46PM UTC

The Canadian dollar held steadily against most of its counterparts on Friday, as markets are focused on the ongoing talks between Congress and the White House to reach an agreement on Biden's stimulus plan.

 

US President Joe Biden is pressing the Congress to pass his stimulus plan to support the US economy.

 

US Treasury Secretary Janet Yellen said earlier this week that the lockdown restrictions might get extended to the end of this year if the Congress does not pass Joe Biden's $1.9 trillion stimulus plan.

 

Covid-19 infections rose to 108 million cases globally, with a death toll of over 2 million and 400 thousand victims.

 

As of 16:44 GMT, CAD/USD fell by less than 0.1% to 0.7876, after hitting a high of 0.7878 and a low of 0.7835.

Forex and Currency News

Forex News

Forex

Dollar hits six-week high ahead of US growth data
2024-03-28 11:38AM UTC
US Dollar's Rise in European Trade The US dollar rose in European trade on Thursday against a ...
EUR/USD news

Forex

Euro sharpens decline to five-week trough on the interest rate gap
2024-03-28 08:30AM UTC
Euro declined in European trade on Thursday against a basket of major rivals, sharpening losses for ...
Forex News

Forex

Dollar under pressure ahead of Christopher Waller's speech
2024-03-27 11:18AM UTC
The dollar declined in European trade on Wednesday against a basket of major rivals away from ...

Forex Technical Analysis

EUR USD Analysis

Forex

End of day EURUSD price forecast update - 28-03-2024
2024-03-28 17:42PM UTC
The EURUSD price provided additional negative trades to reach the thresholds of the first waited ...
NZD USD Analysis

Forex

The NZDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
NZDUSD Price Analysis The NZDUSD price resumes its negative trading to move away from 0.6000$ ...
AUD USD Analysis

Forex

The AUDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
AUDUSD Price Analysis The AUDUSD price achieved initial break to 0.6500$ level and closed the ...