Canadian dollar edges up from 2-week low as stocks rally

📆 09/09/2024 21:37:00
📰 KitcoNewsNOW

⏱ Reading Time:
31 sec. here
31 min. at publisher
📊 Quality Score:
News: 117%
Publisher: 78%

Kitco News Notizia

Gold,Silver,Platinum

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

TORONTO, Sept 9 - The Canadian dollar strengthened against its U.S. counterpart on Monday as Wall Street rallied, but the move was limited ahead of a speech by Bank of Canada Governor Tiff Macklem that could offer clues on the pace of interest rate cuts.

"The Canadian dollar's recovery today is not really about good developments coming out of Canada," said Marc Chandler, chief market strategist at Bannockburn Global Forex LLC. Wall Street's main stock indexes rebounded from a week of steep losses, as focus shifted back to the size of interest rate cuts by the Federal Reserve in 2024 and a crucial inflation report due on Wednesday.

Macklem is due to speak on Tuesday in London, United Kingdom on the topic of global trade, after saying last Wednesday that a larger interest rate cut could be in order if the economy needs a boost.

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

Scrivi un Commento

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Business leaders urge feds to step in to halt railway job actionPhased rail shutdown of Canadian National Railway, Canadian Pacific Kansas City already underway
Fonte: TerraceStandard - 🏆 24. / 68 Leggi di più »