USD/CAD Nears Two-Month Highs at 1.3850 as Traders Turn Cautious Before US Election
USD/CAD Nears Two-Month Highs at 1.3850 as Traders Turn Cautious Before US Election The USD/CAD pair holds steady with two consecutive days of gains, trading around 1.3850 in Friday’s Asian session. This level sits close to Thursday’s two-month high of 1.3868. The US Dollar’s strength underpins the pair’s resilience, fueled by growing expectations that the […]
USD/CAD Nears 1.3550 as Traders Evaluate ISM Manufacturing PMI
USD/CAD Nears 1.3550 as Traders Evaluate ISM Manufacturing PMI The USD/CAD pair is experiencing gains for the second straight day, trading around 1.3520 during early European hours on Tuesday. This upward movement is driven by a stronger US Dollar (USD), amid diminishing chances of an aggressive interest rate cut by the US Federal Reserve in […]
USD/CAD Rebounds Above 1.3450 as Risk Sentiment Worsens Ahead of Fedspeak
USD/CAD Rebounds Above 1.3450 as Risk Sentiment Worsens Ahead of Fedspeak The USD/CAD pair has regained some ground, trading around 1.3460 during the early European session on Wednesday, breaking a three-day losing streak. This recovery is supported by a modest bounce-back in the US Dollar (USD). Market participants will look for further direction from speeches […]
USD/CAD Nears 1.3700 as Fed Postpones Rate Cut
USD/CAD Nears 1.3700 as Fed Postpones Rate Cut The USD/CAD pair arrested a six-day downtrend, trading near the 1.3700 mark in Monday’s Asian trading session, buoyed by robust U.S. economic data from the previous Friday. The uplift in the U.S. Dollar (USD) was primarily due to an unexpectedly strong U.S. Purchasing Managers Index (PMI) report. […]
USD/CAD Nears 1.3560, Drops Due to Rising Crude Oil Prices
USD/CAD Nears 1.3560, Drops Due to Rising Crude Oil Prices The USD/CAD currency pair continues its downward trajectory for the second consecutive day, inching closer to 1.3560 in the Asian trading session on Wednesday. This negative movement is primarily influenced by the robust performance of Crude oil prices, which bolsters the Canadian Dollar (CAD), thereby […]
USD/CAD Holds Above 1.3800 Amid Falling Oil Prices
USD/CAD Holds Above 1.3800 Amid Falling Oil Prices The USD/CAD currency pair has shown resilience, maintaining its strong stance above the 1.3800 level as crude oil prices experience a downturn. The pairing saw a rebound from the losses it suffered last Friday, climbing to a value around 1.3810 in the Monday Asian trading session. This […]
Canadian Dollar Seeks Upside Against USD
Canadian Dollar Seeks Upside Against USD The Canadian Dollar (CAD) is currently making slight gains against the US Dollar (USD) as the Greenback takes a breather from its recent ascent. This subtle shift in the forex market is influenced by various factors, including the temporary stabilization of oil prices, which is a significant driver of […]
CAD Rises that Makes it Safe to Spend On
CAD Rises that Makes it Safe to Spend On The week is going to be big for the global market because we are hearing a lot of reports out of the US and the macro calendar is loaded with Federal Reserve and nonfarm payrolls documents. The Canadian dollar is going toward a big week after […]