USD/CAD has found support around 1.3450 as the Bank of Canada is anticipated to announce its third consecutive rate cut this week, according to DBS’ Senior FX Strategist Philip Wee.
As the Canadian Dollar (CAD) shows signs of strength on Friday, investors are cautiously optimistic. Despite a better-than-expected GDP result in Q2, market flows remain thin. Next week, the Bank
The USD/CAD pair is on the rise, nearing the key resistance level of 1.3500 in Friday's New York session. This increase in the value of the Canadian Dollar (CAD) comes
In today's Asian session, the USD/CAD pair is seen dropping to near 1.3460. This decline is attributed to the US Dollar's struggle to maintain its recovery from the previous day.
In Friday's New York session, the USD/CAD pair continues to slide, reaching near 1.3580. This decline comes as the Canadian dollar weakens following Statistics Canada's report of a 0.3% contraction
According to Shaun Osborne, Chief FX Strategist at Scotiabank, the Canadian Dollar (CAD) is retaining a firm undertone but facing challenges in pushing past the upper 1.35 zone. Analysis: USD
The USD/CAD pair is hovering near the crucial 1.3600 level, signaling a potential breakdown of the Broadening Triangle chart pattern. Investors are eagerly awaiting Federal Reserve Chair Jerome Powell's speech
The USD/CAD pair continues its downward trend, reaching a multi-month low for the fifth consecutive day. This decline is attributed to the narrowing US-Canada rate differential, which benefits the Canadian
The USD/CAD pair is facing continued selling pressure, hovering near its lowest level since April 10. The Canadian Dollar (CAD) has been gaining strength as the gap between Canada's 2-year
As the USD/CAD pair continues its downward trend for the fourth consecutive trading session, investors are eagerly anticipating the release of the FOMC minutes for clues on future interest rate