USD/CAD remains on the defensive around 1.2700 amid bullish oil prices/weaker USD
USD/CAD edged lower for the second straight day and was pressured by a combination of
Financial and Business News
USD/CAD edged lower for the second straight day and was pressured by a combination of
USD/CAD grinds higher around one-week top, defends Friday’s stellar run-up. Bullish chart pattern joins firmer
US dollar remains firm across the board, holds onto weekly gains. USD/CAD heads for the
Economists at Scotiabank continue to see merits in the longer-run outlook for the Canadian dollar.
European equities rise, while US futures point to a higher open, reflecting an upbeat market.
The Bank of Canada (BoC) held the overnight rate at 0.25% in January, in line
Rebounding US bond yields revive the USD demand and extended some support to USD/CAD. Bullish
Economists at ING expect CAD outperformance as the Bank of Canada (BoC) hikes on Wednesday.
USD/CAD snaps two-day rebound from eight-week-old descending resistance line. 61.8% Fibonacci retracement level can offer
USD/CAD has maintained a tight, sideways trading range around 1.25 this week. Economists at Scotiabank