USD/CAD has almost trimmed the intraday gains, struggling to break the three-day losing streak. The spot price trades around 1.3580 during the Europea
USD/CAD rebounds from intraday gains as Crude prices attempt to extend gains. WTI prices could receive buying support due to the Middle-East tensions. Fed’s remarks led investors to downplay the likelihood of additional rate hikes. n session on Tuesday. The pair is facing challenges as oil prices have rebounded from intraday losses and appear poised to extend their gains further. Western Texas Intermediate oil price hovers around $85.00 at the time of writing on Tuesday.
Furthermore, statements from Federal Reserve officials overnight caused investors to minimize the chances of more rate hikes, which led to a decline in US bond yields in the previous session. As a result, this development is seen as undermining the strength of the Greenback.
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