Forex
US-Iran Deal and Interest Rate Hints Steady USD/CAD
The USD/CAD pair has held steady around 1.4015 during European trading hours on Thursday, as traders await a possible US-Iran deal that could give direction to the pair.
US President Donald Trump stated that he had 'very productive talks' with Iran on Wednesday, but any signs of renewed tensions between the two countries could boost the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD).
Kansas City Fed President Jeff Schmid said on Wednesday that tighter monetary policy may be required to bring inflation back to the central bank's 2% target, which could underpin the Greenback in the near term.