The USD/CAD pair extends the rally to around 1.3795 during the early Asian session on Thursday. The prospects of a Bank of Canada (BoC) interest rate cut this month weigh on the Canadian Dollar (CAD) against the US Dollar (USD).
Arbitrum (ARB) price is poised for a breakout, trading above $0.50 on Wednesday. Renewed investor optimism in the broader cryptocurrency market and the launch of a Decentralized Finance (DeFi) incentive program, back ARB’s short-term bullish outlook.
The Japanese Yen (JPY) is down a marginal 0.1% against the US Dollar (USD) and once again underperforming all of the G10 currencies—albeit this time in quiet trade, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.