The USD/CAD pair builds on last week's solid bounce from the vicinity of the very important 200-day Simple Moving (SMA) support near the 1.3400 mark a
Retreating Oil prices undermines the Loonie and remains supportive amid a bullish USD.pair builds on last week's solid bounce from the vicinity of the very important 200-day Simple Moving support near the 1.3400 mark and scales higher for the third successive day on Tuesday. Spot prices climb to the highest level since late March during the Asian session, with bulls now awaiting some follow-through strength beyond the 1.3700 round figure before placing fresh bets.
The Canadian Dollar , on the other hand, is weighed down by firming expectations that the Bank of Canada is finished hiking interest rates. Statistics Canada reported on Friday that Canada's economic growth stalled in July as the manufacturing sector posted its biggest decline in more than two years. This comes on top of a 0.2%Oil prices extend the recent retracement slide from over a one-year top and continue losing ground for the fourth straight day, hitting a three-week low.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
USD/CAD extends gains around 1.3580, US, Canada PMI data eyedUSD/CAD kicks off the week by continuing the gains in the second trading session. The spot price is bidding the quotes higher around 1.3580 during the
Les mer »
USD/CAD: A return to the early September high near 1.37 is a realistic riskUSD/CAD moves sharply back to the 1.36 area. Economists at Scotiabank analyze the pair's outlook. Support aligns at 1.3520/1.3525 Solid USD gains on F
Les mer »
USD/CAD jumps to near 1.3600 as US Dollar recovers, Fed Powell’s speech eyedThe USD/CAD pair moves vertically to near the round-level resistance of 1.3600 in the late European session. The Loonie asset strengthens as the US Do
Les mer »
USD/CAD: Loonie could extend its gains over the near termEconomists at HSBC expect the CAD to strengthen further against the USD over the near term. CAD could capitalise on high Oil prices We see the CAD str
Les mer »
Commodities Week Ahead: Oil Bulls Wish for More OPEC Magic as Greyer Q4 DawnsCommodities Analysis by Investing.com (Barani Krishnan) covering: Brent Oil Futures, Crude Oil WTI Futures, ProShares UltraShort Bloomberg Crude Oil, ProShares Ultra Bloomberg Crude Oil. Read Investing.com (Barani Krishnan)'s latest article on Investing.com
Les mer »
USD/CAD Price Analysis: The key barrier is seen at 1.3600 ahead of the Canadian, US PMI dataThe USD/CAD pair loses some ground after being rejected from the 1.3600 barrier during the early European session on Monday. Traders await the Canadia
Les mer »