The USD/CAD pair faces selling pressure near the round-level resistance of 1.3900 in the early New York session. The Loonie ass
USD/CAD finds offers near 1.3900 as oil price recovers strongly. The market mood remains risk-off ahead of Fed policy. In October, fresh US private payrolls were 113K, lower than expectations of 159K. et remains subdued as a strong recovery in oil prices has strengthened the Canadian Dollar. Oil prices recovered sharply as the Israeli defense forces entered Gaza for a full-scale invasion, which is elevating fears of Iran’s intervention in the Israel-Palestine conflicts.
The US Dollar Index climbs close to the crucial resistance of 107.00 despite weak US private payroll data for October. The US Automatic Data Processing reported that employers hired 113K job seekers, which was lower than expectations of 159K but significantly higher than the former reading of 89K.
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USD/CAD approaches 1.3900 as investors turn cautious ahead of Fed policyThe USD/CAD pair marches swiftly towards the round-level resistance of 1.3900 in the early New York session
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USD/CAD flirts with daily low, manages to hold above 1.3800 ahead of US macro dataThe USD/CAD pair attracts fresh sellers following an intraday uptick to mid-1.
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USD/CAD sits near one-year high, eyes 1.3900 ahead of the FOMC decisionThe USD/CAD pair attracts some dip-buying during the Asian session on Wednesday and inches back closer to its highest level since October 2022 touched the previous day.
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USD/CAD aims to reach 1.3900 on downbeat Oil prices, awaits FOMC decisionUSD/CAD attempts to extend the gains for the second consecutive day on the back of improved risk appetite ahead of the US Federal Reserve (Fed) monetary policy decision.
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