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USD/CAD Price Retraces to 1.2700 amid Firm Oil, Eying Fed, BoC

Started by forex4you, Mar 02, 2022, 07:13 am

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Mar 02, 2022, 07:13 am
USD/CAD Price Retraces to 1.2700 amid Firm Oil, Eying Fed, BoC

The USD/CAD is slowly recovering from the 3-week low despite the recent reversal from the intraday bottom. While market participants are paring the previous day’s losses, WTI oil remains on hold amid geopolitical concerns and OPEC+ expectations. US President Biden confirmed that n flights would be banned from US airspace. The BOC will raise interest … Continued


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