Batis Exchange
Some forecasts suggest the Canadian dollar could rise to approximately US73 cents, while others believe it may reach US75 cents by the end of the year if U.S. interest rates decline and Canadian rates move higher, narrowing the gap between the two countries.
Following a hawkish stance from the Federal Reserve and ongoing inflation concerns tied to the conflict in Iran, investors are increasingly betting on a rate hike as early as September.
According to recent customs figures, China brought in an estimated 163 tonnes of gold last month, marking the most substantial monthly import volume since March 2024.
The cryptocurrency market remains under considerable downward pressure after Bitcoin’s recent brief rally resulted in a textbook rejection at a key resistance zone.
