USD/CAD is trading near 1.3330 at press time, representing a 0.15% decline on the day. The bulls failed to clear the psychological hurdle of 1.34 on Monday. The daily chart shows the 50-day simple moving average (SMS) has crossed under the 200-day SMA, confirming the so-called death cross,
USD/CAD extends recovery from 1.3333, prints third positive day in last four.
US dollar keeps the recent strength as risk-tone heavies, stimulus hopes strengthens.
WTI struggles to extend Monday’s gains despite blasts at the Iraq-Kuwait border.
Canadian Housing Starts, US PPI will populate the econo
USD/CAD stays near the upper end of the 1.3370/3400 trading range.
A clear break of short-term resistance line, now support, joins bullish MACD to lure the buyers.
Sellers may wait for fresh monthly low before entering any traders.
USD/CAD trades near 1.3385 amid the initial Asian session on Monday
USD/CAD PRICE OUTLOOK: LOONIE AT RISK WITH TRUMP SET TO SLAP 10% TARIFF ON CANADIAN ALUMINUM IN SPITE OF USMCA DEAL
Canadian Dollar starts to edge lower on the back of fresh US-Canada trade war headlines
USD/CAD price action attempts to base with Trump announces tariffs on Canadian aluminum
USD/CAD rises to 1.3321, up 0.16% on a day, during the early Asian session on Friday. The pair bounced off the lowest since February on Thursday. However, it’s the US announcement of re-imposing aluminum tariffs on Canada that favors the pair’s recent upside.Read: Canadian deputy
U.S. Dollar Index Is Testing Multi-Month Lows
USD/CAD declined towards 1.3250 as the U.S. dollar continued to lose ground against a broad basket of currencies while WTI oil rallied to new highs.
The U.S. Dollar Index remains under significant pressure and is currently trying to settle below 92.5. If
CANADIAN DOLLAR FORECAST OVERVIEW:The Canadian Dollar has seemingly been held back in the past week or two, amid concerns that its largest trading partner – the United States – isn’t nearing a return to normal economic activity. 20% of Canadian GDP is derived from economic activities with
1.1650 1.8bn euro amount
105.75 401m USD
1.3330 1.4bn USD
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