The USD/CAD pair struggles to capitalize on Friday's strong intraday rally of over 100 pips and oscillates in a narrow trading band, above mid-1.3500s through the first half of the European session on Monday.
USD/CAD lacks any firm intraday direction and is influenced by a combination of diverging forces. A stronger USD lends support, though rebounding Oil prices underpin the Loonie and caps gains. A sustained move beyond the 200-day SMA is needed to support prospects for any further upside. The USD/CAD pair struggles to capitalize on Friday's strong intraday rally of over 100 pips and oscillates in a narrow trading band, above mid-1.3500s through the first half of the European session on Monday.
3400 round figure en route to the late January swing low, around the 1.3360-1.3355 region. USD/CAD daily chart Fed FAQs What does the Federal Reserve do, how does it impact the US Dollar? Monetary policy in the US is shaped by the Federal Reserve . The Fed has two mandates: to achieve price stability and foster full employment. Its primary tool to achieve these goals is by adjusting interest rates.
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