Trading news
Jul 16, 2025
EUR/USD sinks towards 1.1600 as US inflation rises and crushes Fed cut hopes
The EUR/USD fell some 0.55% on Tuesday after the latest US inflation report revealed that prices are edging higher, justifying the Federal Reserve's current policy stance. Hence, traders trimmed bets that the Fed would cut rates at the July meeting.
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Jul 16, 2025
USD/CAD posts modest losses below 1.3750 amid muted chance of BoC rate cut
The USD/CAD pair trades with mild losses near 1.3720 during the early Asian session on Wednesday. Hotter Canadian inflation data reduced expectations for Bank of Canada (BoC) interest rate cuts, supporting the Canadian Dollar (CAD).
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