USD/CAD struggles to capitalize on a two-day-old recovery trend from a three-week through.
The Fed rate-cut uncertainty caps the upside for the USD and acts as a headwind for the pair
A downtick in Crude Oil prices undermines the Loonie and lends some support to the major.
The USD/CAD pair seesaws between tepid gains/minor losses during the Asian session on Thursday and for now, seems to have stalled its goodish rebound from the 1.3620-1.3615 region, or a three-week low touched on Tuesday. Spot prices currently trade near the 1.3700 mark, nearly unchanged for the day as traders now await the release of US macro data before placing fresh directional bets.
The Fed rate-cut uncertainty caps the upside for the USD and acts as a headwind for the pair
A downtick in Crude Oil prices undermines the Loonie and lends some support to the major.
The USD/CAD pair seesaws between tepid gains/minor losses during the Asian session on Thursday and for now, seems to have stalled its goodish rebound from the 1.3620-1.3615 region, or a three-week low touched on Tuesday. Spot prices currently trade near the 1.3700 mark, nearly unchanged for the day as traders now await the release of US macro data before placing fresh directional bets.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.