USD/CAD Eyes 1.4130 as Oil Rout and USMCA Fears Batter Loonie
USD/CAD holds strong as tumbling crude oil prices and looming USMCA renegotiation risks prevent the Canadian dollar from joining the broader global risk-on rally.
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USD/CAD holds strong as tumbling crude oil prices and looming USMCA renegotiation risks prevent the Canadian dollar from joining the broader global risk-on rally.
The USDCAD pair remains in a strong uptrend, holding key technical support around 1.3955 after hitting a high of 1.4023. Buyers maintain control above the 100-hour moving average, reinforced by funda…
The Canadian dollar weakened against the USD, trading at 1.3866, despite rising oil prices. While benchmark government bond yields increased in both Canada and the U.S., the widening yield spread and…
Canadian dollar weakened to five-week lows as April CPI came in below expectations at 2.8%, easing inflation concerns. The U.S. dollar strengthened broadly on Fed hawkish expectations and Middle East…
Canadian 10-year yields fell while U.S. yields rose and oil prices slid, weakening the loonie; USDCAD traded around C$1.3916 after an intraday 1.3897-1.3935 range.