USD/CAD ticks higher on sliding Oil prices, subdued USD demand acts as a headwind – by hareshmenghani USDCAD Recession Fed CPI Currencies
nd the 1.3315-1.3310 region touched on Friday. Spot prices, however, lack bullish conviction and remain below mid-1.3300s through the Asian session, warranting some caution before positioning for any further intraday appreciating move.prices remain depressed for the third successive day in the wake of worries that a global economic slowdown will dent fuel demand.
The latest US consumer inflation figures are due for release on Tuesday, which will be followed by the outcome of the highly-anticipated two-day FOMC monetary policy meeting on Wednesday. In the meantime, the Bank of Canada's surprise rate hike last week might continue to lend some support to the Canadian Dollar and cap gains for
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