United States Factory Orders (MoM) came in at -3.3%, below expectations (-2.9%) in June

Aug 2, 2024

USD/CAD: Supported by soft stock market – Scotiabank

Soft stocks are helping keep the Canadian Dollar (CAD) tone defensive but whether weaker equity markets are enough of a justification for driving the CAD significantly lower at the moment remains to be seen, Scotiabank’s FX strategist Shaun Osborne notes.

EUR/USD: Breaks above 1.09 – Scotiabank

EUR/USD edged a little higher in European trade, reflecting the general drift in the US Dollar (USD), and broke above 1.09, Scotiabank’s FX strategist Shaun Osborne notes.