USDCAD Steady as Canadian and U.S. Bond Yields Rise Amid Oil Price Uptick
USDCAD remains stable near 1.3696 amid rising Canadian and U.S. government bond yields and a modest uptick in U.S. crude oil prices on Wednesday.
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USDCAD remains stable near 1.3696 amid rising Canadian and U.S. government bond yields and a modest uptick in U.S. crude oil prices on Wednesday.
The Fed cut rates by 25bps amid internal disagreements, causing the USD to strengthen and mildly pressure GBPUSD, while USDCAD remained mostly unaffected in early trading.