The US interest rate for guaranteed overnight financing was 5.31% on the last trading day and 5.31% the day before. The federal funds rate in effect on the last trading day was 5.33%, compared to 5.33% the previous day.

The US interest rate for guaranteed overnight financing was 5.31% on the last trading day and 5.31% the day before. The federal funds rate in effect on the last trading day was 5.33%, compared to 5.33% the previous day.

Zhitong Finance39minutes ago

Bank of Canada warns of risks brought about by changes in interest rate cut expectations

Glonghui, May 9 | The Bank of Canada warned that if interest rate trends do not meet market expectations, the prices of some assets may suddenly reverse. The central bank's financial stability report said that after rapid and aggressive austerity policies, the market “is paying more and more attention to when and how much interest rates will fall.” This has reinvigorated risk appetite and boosted asset prices. Markets and economists have lowered their expectations for the Bank of Canada to cut interest rates, partly because people think that the Bank of Canada deviates from the Federal Reserve's policy to a limited extent without causing monetary weakness.

Gelonghui Finance45minutes ago

USD/CAD Slumps to 1.3700 on Weak US Jobless Claims, Recovery in Oil Price

USD/CAD drops sharply to 1.3700 due to multiple headwinds.

FXStreet55minutes ago

Opinions are polarized! The Federal Reserve's communication style was well received by analysts, but it was frantically “criticized” by the public

According to a survey of academics and private sector analysts released on Thursday, although the Federal Reserve has been dealing with complex uncertainties, its communication on monetary policy received relatively high praise.

Zhitong Finance21:11

USD/CAD Price Analysis: Stays on Sidelines Above 1.3700

The USD/CAD pair consolidates in a tight range above the round-level support of 1.3700 in Thursday’s European session after correcting from its weekly high of 1.3760.

FXStreet18:52

US Dollar Outperforms as Won, Yen Struggle and BoE Decision Looms

The US dollar rose against most major counterparts in early European trade on Thursday as some prominent Asian currencies came under further pressure and traders looked ahead to a potentially dovish p

MT Newswires18:15