Risk-On Mood Returns but US Data Could Shift Dollar’s Direction Again
From Investing.com: 2025-06-26 01:46:00
Markets are moving on from the Israel-Iran conflict, causing North American currencies to weaken. Short positions are being unwound, driving the higher. Oil price surges are benefiting the Canadian Dollar, but both are now fading. Geopolitical tensions easing means market focus is shifting to economic data for USD and CAD cues. North American equity indices are back in “greed” territory, with and at record highs. The US Dollar is lagging against major currencies, while the Canadian Dollar is struggling due to weaker oil and higher inflation. Intraday technical levels show USD/CAD consolidating around the 1.3740 pivot, with key support at 1.3675 and resistance at 1.38. Economic calendar highlights upcoming US data releases, with a focus on inflation and job reports.
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