The USD/CAD pair tests territory below the round-level support of 1.3600 in Wednesday’s North American session.
USD/CAD extends its losing streak for the fourth trading session on Wednesday. Investors await the FOMC minutes for fresh interest rate cues. The Canadian Dollar outperforms despite multiple headwinds. The Loonie asset weakens as the Canadian Dollar outperforms the US Dollar despite multiple headwinds.
Other factors include market sentiment – whether investors are taking on more risky assets or seeking safe-havens – with risk-on being CAD-positive. As its largest trading partner, the health of the US economy is also a key factor influencing the Canadian Dollar. How do the decisions of the Bank of Canada impact the Canadian Dollar? The Bank of Canada has a significant influence on the Canadian Dollar by setting the level of interest rates that banks can lend to one another.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/CAD Price Analysis: Bulls retain control above mid-1.3700s, multi-week highThe USD/CAD pair attracts some buyers for the fifth successive day on Tuesday and trades above mid-1.3700s during the Asian session, closer to a six-week peak touched the previous day.
Read more »
USD/CAD Price Analysis: Reaches critical point at ceiling of three-month rangeUSD/CAD has risen to the top of the range it has been trading in since the middle of April.
Read more »
USD/CAD Price Analysis: Retreats to 1.3800 as US Dollar surrenders intraday gainsThe USD/CAD pair falls back after a short-lived pullback move to near 1.3837 in Thursday’s American session.
Read more »
USD/CAD extends upside above 1.3750, with all eyes on BoC rate decisionThe USD/CAD pair extends a rally around 1.3785 during the early Asian session on Wednesday.
Read more »
USD/CAD extends gains above 1.3750, eyes on BoC rate decisionThe USD/CAD pair trades in positive territory for the fifth consecutive day near 1.3755, snapping the four-day winning streak during the early Asian session on Tuesday.
Read more »
USD/CAD extends downside to 1.3800 after US/Canada economic dataThe USD/CAD pair declines to near the round-level support of 1.3800 in Wednesday’s New York session.
Read more »