Title: USD/CAD Outlook: Strong Oil, Soft USD Pushing Below 1.27, Awaits Fed
Post by: forex4you on Feb 16, 2022, 02:05 pm
Post by: forex4you on Feb 16, 2022, 02:05 pm
USD/CAD Outlook: Strong Oil, Soft USD Pushing Below 1.27, Awaits Fed
Source: USD/CAD Outlook: Strong Oil, Soft USD Pushing Below 1.27, Awaits Fed (http://forex.wine/usd-cad-outlook-strong-oil-soft-usd-pushing-below-1-27-awaits-fed/)
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The USD/CAD pair hit a fresh weekly low on Wednesday due to a combination of factors. Rising oil prices supported the dollar and put it under downward pressure. Risk appetite pushed down the safe-haven dollar and increased selling sentiment. Market participants are watching Canada’s CPI and US Retail Sales, as well as the minutes from … Continued
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Source: USD/CAD Outlook: Strong Oil, Soft USD Pushing Below 1.27, Awaits Fed (http://forex.wine/usd-cad-outlook-strong-oil-soft-usd-pushing-below-1-27-awaits-fed/)
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