The USD/CAD pair recovers from 1.3660 and recaptures the round-level resistance of 1.3700 in the late London session. The Loonie asset finds support a
USD/CAD recovered to near 1.3700 after the US Dollar rebounded strongly. A delay in Israel’s planned ground attack in Gaza has eased the broader risk-off mood. The BoC is expected to keep interest rates unchanged at 5%. s the US Dollar rebounds after discovering buying interest near 105.40. Investors rush for the US Dollar and long-term bond yields as the focus shifts to the crucial United States economic data, which will be released this week. The US Dollar Index has come closer to 106.00.
In the late New York session, the US S&P Global preliminary PMI for October will be keenly watched. As per the estimates, the Manufacturing PMI dropped to 49.5 against September’s reading of 49.8. The Services PMI is seen declining marginally below the 50.0 threshold to 49.9 versus the former release of 50.1. On the Canadian Dollar front, the focus will be on the interest rate decision by the Bank of Canada , which is scheduled for Wednesday.
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USD/CAD holds above the 1.3700 area, investors await the BoC rate decisionThe USD/CAD pair trades sideways around 1.3715 during the early Asian session on Monday. Investors await the Bank of Canada (BoC) Interest Rate Decisi
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USD/CAD hovers above 1.3700 major level after trimming intraday lossesUSD/CAD retraces intraday losses, trading around 1.3710 during the European session on Monday. The pair gains ground as the US Dollar treads waters to
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USD/CAD spikes higher to 1.3750 as focus shifts to BoC monetary policyThe USD/CAD pair reversed losses and climbed back strongly to the crucial resistance around 1.3750 in the early New York session. The Loonie asset rev
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USD/CAD extends losses below 1.3700 ahead of the US PMI dataThe USD/CAD pair extends its downside during the Asian session on Tuesday. The downtick of the pair is driven by the correction of the US Dollar (USD)
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Canadian Dollar looking for early gains against US Dollar ahead of upcoming BoC rate callThe Canadian Dollar (CAD) is finding some lift to kick off the new trading week, bolstered by investors finding their risk appetite in early trading.
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