USD/CAD has been bolstered by the intriguing yield rates of US Treasury bonds.

Create at 10 months ago (Jan 10, 2024 16:39)

Crude oil prices have risen amid concerns about supply disruptions due to geopolitical tensions in the Red Sea, including the halt of oil production at Libya's largest oil field on Sunday and the significant drawdown of US crude inventories, resulting in a positive adjustment in crude oil prices.

 

Investors have delayed profit-taking and await the release of the US inflation figures on Thursday, which might signal future monetary policy actions by the Fed amid uncertainty about the timing of the first interest rate hike.

 

The yield rates of US Treasury bonds are expected to continue supporting the US dollar going forward, with the 10-year Treasury bond yield remaining stable at 4.0% due to reduced investor expectations. Analysts anticipate this to be the final push that strengthens the dollar.

 

Source: Fxstreet
 
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Overview
Today last price 1.3393
Today Daily Change -0.0006
Today Daily Change % -0.04
Today daily open 1.3399
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