The Canadian Dollar (CAD) has fallen 0.70% against the US Dollar (USD) in Monday trading as broader market risk appetite turns south and jittery inves
tors pile into the USD. The USD/CAD is rounding into the midpoint of the US trading session just south of 1.3680.
The CAD is slipping as Greenback gains couple neatly with a backslide in Crude Oil prices, kicking the legs out from underneath CAD support. Market flows and US data are set to drive the USD/CAD into the mid-week with little of note on the economic calendar for CAD traders until Thursday’s Ivey PMI.DXY flows are being guided by US Treasury yields, and currency traders will want to keep an eye on bond markets to determine directional shifts in the US Dollar.Technical analysis: Canadian Dollar continues to backslide against the US Dollar, USD/CAD seeking 1.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Smoke from Canadian wildfires could once again reach NYC MondayNew Yorkers could wake up to hazy skies Monday morning as smoke from ongoing Canadian wildfires is expected to reach the Big Apple by sunrise.
Read more »
NYC could see hazy skies Monday as smoke from Canadian wildfires returnsThe Air Quality Index will be around 55, which may be a risk to people who are sensitive to air pollution.
Read more »
Financial Markets in Q4: US Dollar, Euro, British Pound, Gold, Crude Oil, StocksThe US Dollar outperformed in the third quarter as Treasury yields soared and gold prices weakened. Sentiment took a hit. What is the outlook for markets as 2023 comes to an end?
Read more »
Oil pulls back after posting a monthly climb, with supply outlook in focusOil futures head lower on Monday, easing back after posting a monthly gain.
Read more »
WTI treads waters near $90.00 with a negative bias, US PMI, Fed Powell's speech eyedWestern Texas Intermediate (WTI) oil price hovers around $90.00 per barrel during the Asian session on Monday. The Crude oil price struggles to recove
Read more »
Commodities Week Ahead: Oil Bulls Wish for More OPEC Magic as Greyer Q4 DawnsCommodities Analysis by Investing.com (Barani Krishnan) covering: Brent Oil Futures, Crude Oil WTI Futures, ProShares UltraShort Bloomberg Crude Oil, ProShares Ultra Bloomberg Crude Oil. Read Investing.com (Barani Krishnan)'s latest article on Investing.com
Read more »