USD/CAD finds tough resistance near 1.3600 amid subdued USD Index and oil accelerates – by Sagar_Dua24 USDCAD Fed Oil Inflation DollarIndex
looks prone to further losses below 102.40. The USD Index has found intermediate support near 102.40 but is likely to surrender amid improved risk sentiment.banking jitters. Fears of a US banking crisis have started receding, however, the commentary from US House Speaker Kevin McCarthy in an interview at CNBC on Tuesday that there was no need for blanket insurance on all bank deposits "at this moment in time," as reported by Reuters, could stimulate them again.
Meanwhile, the appeal for US government bonds remained weak as investors believe that the US will be out of the banking crisis sooner. This led to a further rise in 10-year US Treasury yields to 3.57%.
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