BUSINESS

U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022.

Dollar Edges Down As Impact Of Hawkish Fed Commentary Fades

The dollar edged down against most major currencies on Thursday as the positive impact of hawkish Federal Reserve comments faded and investors waited for more signs on the data front to confirm that more large rate hikes to curb inflation were coming.
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A Canadian dollar coin, commonly known as the "Loonie", is pictured in this illustration picture taken in Toronto, January 23, 2015.

Canadian Dollar Rises As U.S. Data Tempers Recession Fears

The Canadian dollar strengthened against the greenback on Wednesday as worries about a possible recession eased following encouraging economic data from the United States, Canada's largest trading partner, offsetting a slide in oil prices.

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