USD/CAD edges up to test 1.35. Economists at Scotiabank analyze the pair’s outlook. Weak risk appetite and some further drift in crude oil prices are
Weak risk appetite and some further drift in crude oil prices are headwinds for the CAD, in addition to the general strength in the USD.
The CAD has lost a little of the technical initiative that seemed to be developing on the charts as range trading is weakening the downside momentum behind the USD that had been developing over the past few sessions.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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USD/CAD consolidates its gains below the 1.3500 mark, focus on Canadian GDP, US PCE dataThe USD/CAD pair consolidates its recent gains below the 1.3500 barrier during the early Asian session on Monday. The weakening of the US Dollar (USD)
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USD/CAD gains ground toward 1.3500, Canadian GDP, US Core PCE awaitedUSD/CAD consolidates with a negative bias, trading around 1.3480 during the European session on Monday. The pair is experiencing upward support on the
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USD/CAD rebounds as USD Index refreshes nine-month high amid risk-on moodThe USD/CAD pair finds buying interest near 1.3460 amid sheer strength in the US Dollar. The Loonie asset aims to recapture the psychological resistan
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USD/CAD trades into the low end after back-and-forth Monday action, looking for 1.3450The USD/CAD slipped a scant 0.2% for Monday, after tapping into a mild intraday high of 1.3491. The pair has fallen about 1.7% from September's peak n
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USD/CAD trades sideways around 1.3460 ahead of the US consumer confidence dataThe USD/CAD pair oscillates in a narrow range during the early Asian session on Tuesday. The weakening of the Loonie is weighed by the downtick in oil
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USD/CAD Price Analysis: Recovers some lost ground below 1.3500, US CB Consumer Confidence eyedThe USD/CAD pair recovers its recent losses during the early European trading hours on Tuesday. The pair currently trades near 1.3487, gaining 0.25% f
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