USD/CAD: The pair is mostly trading flat after having tested an intra-day low of 1.3725 as crude oil price action turned dovish over a decline in demand outlook impacted by escalating China-U.S. tensions. But USD’s weakness in the market helped the price of pair consolidate below 1.3830 handle where it remains range-bound as traders await US weekly crude oil inventory stockpile data for short term profit opportunities.
Please feel free to share your thoughts with us in the comments below.
Was this post helpful?
Let us know if you liked the post. That’s the only way we can improve.