USD/CAD struggles near weekly low amid bearish USD, uptick in oil prices

USD/CAD struggles near weekly low amid bearish USD, uptick in oil prices – by hareshmenghani USDCAD Fed Bonds RiskAppetite Currencies

The less hawkish FOMC minutes and a positive risk tone continue to weigh on the buck.USD/CAD

A dovish assessment of the FOMC meeting minutes released on Wednesday continues to weigh on the buck and is seen as a key factor acting as a headwind for the USD/CAD pair. In fact, officials were largely satisfied that they could stop front-loading the rate increases and that slowing the rate-hiking cycle would soon be appropriate.

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