China Foreign Exchange Reserves (MoM) above expectations ($3.21T) in May: Actual ($3.232T)

Jun 7, 2024

USD/CAD Price Analysis: Consolidates around 1.3650 within a horizontal channel

USD/CAD retraces its recent losses, trading around 1.3670 during the early European hours on Friday.

ECB’s Schnabel: We cannot pre-commit to a particular rate path

European Central Bank (ECB) policymaker Isabel Schnabel said on Friday that “we cannot pre-commit to a particular rate path.” “The future inflation outlook remains uncertain,” she added.