USD/CAD struggles for a firm direction, remains confined in a range around 1.3600 mark – by hareshmenghani USDCAD China Recession Fed Currencies
an session. The pair, meanwhile, remains within Friday's broader trading range and is influenced by a combination of diverging forces.bulls on the defensive, which, in turn, acts as a headwind for the USD/CAD pair. That said, a modest pullback in Crude Oil prices - amid worries that a deeper global economic downturn will dent fuel demand - undermines the commodity-linked Loonie and lends some support to the major.
Hence, the market focus will remain glued to Fed Chair Jerome Powell's semi-annual congressional testimony on Tuesday and Wednesday. Powell's comments will be closely scrutinized for clues about the Fed's future rate-hike path, which will play a key role in influencing the near-term trajectory of the USD. Investors
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trading Support and Resistance \u2013 USD/CAD, EUR/JPYThis week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
Read more »
USD/CAD Price Analysis: Justifies bullish Doji candlestick to snap three-day downtrend near 1.3600USD/CAD Price Analysis: Justifies bullish Doji candlestick to snap three-day downtrend near 1.3600 USDCAD Technical Analysis SwingTrading ChartPatterns Candlesticks
Read more »
One Way U.S. Students Can Save Money on College Tuition: Head to EuropeColleges in Europe are generally much less expensive, although going to school there may require a new mind-set.
Read more »
Why so many Americans lose weight after traveling to EuropeAmericans traveling to Europe often find themselves having lost substantial amounts of weight after returning home — and there are numerous reasons why this could be.
Read more »
Europe will start charging for entry in 2024 | CNNThis week in travel news: 🇪🇺 Europe will start charging for entry in 2024 💰 The destination that will pay tourists to visit 🛫 The future of transport 🏖 The world’s best beaches And much more 👇
Read more »
VW Steps In and Saves Europe's Legendary Worthersee Car GatheringIf you like the VW GTI, you'd love Worthersee, where up to 200,000 enthusiasts have come to admire GTIs and other great cars since the 1980s.
Read more »