On Tuesday, several factors led to USDCAD falling below 1.2500. Increased oil prices supported the Canadian dollar and put pressure on a backdrop of modest US dollar weakness. Fed’s hawkish expectations should limit losses in the dollar. During the first half of the European session, the USD/CAD price continued its steady intraday decline, reaching a … Continued
The post USD/CAD Price Loses 1.25 Again as Oil Ticks Higher, USD Softens appeared first on Forex Crunch.