The USD/CAD pair struggles to capitalize on a modest Asian session uptick on Wednesday and remains below its highest level since August 6, around the 1.3835-1.3840 region touched the previous day.
USD/CAD bulls remain on the defensive amid a modest USD pullback from a two-month top. Expectations for a less aggressive Fed policy easing to limit losses for the USD and the major. Bets for a larger BoC rate cut and weaker Crude Oil prices could also offer support to the pair. Spot prices currently trade around the 1.
Canadian Dollar FAQs What key factors drive the Canadian Dollar? The key factors driving the Canadian Dollar are the level of interest rates set by the Bank of Canada , the price of Oil, Canada’s largest export, the health of its economy, inflation and the Trade Balance, which is the difference between the value of Canada’s exports versus its imports.
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.
USD/CAD reclaims seven-week high near 1.3650 amid weak Canadian DollarThe USD/CAD pair recaptures a seven-week high near 1.3650 in Tuesday’s European session.
Read more »
USD/CAD drifts lower below 1.3550 as investors await BoC’s Macklem speechThe USD/CAD pair edges lower to near 1.3530 during the early Asian session on Tuesday.
Read more »
USD/CAD pulls back from one-month peak, slides to 1.3600 amid renewed USD sellingThe USD/CAD pair struggles to capitalize on the Asian session move up to the 1.3645-1.3650 region, or a one-month top and drops to the lower end of its daily range in the last hour.
Read more »
USD/CAD hovers around mid-1.3500s, one-month top as traders await US NFP reportThe USD/CAD pair struggles to capitalize on the previous day's strong move up to a one-and-half-week top and oscillates in a range around mid-1.3500s during the Asian session on Friday.
Read more »
USD/CAD eyes 1.3800 mark amid bullish USD, weaker Crude Oil pricesThe USD/CAD pair prolongs its uptrend for the ninth straight day and climbs to the 1.3785-1.3790 area, or its highest level since August 7 during the Asian session on Monday.
Read more »
USD/CAD holds positive ground near 1.3600 on firmer US DollarThe USD/CAD pair trades in positive territory for a fourth consecutive day near 1.3600 during the early Asian session on Wednesday.
Read more »