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USD/CAD Price Testing YTD Highs as Oil Slips, USD Firms up

Started by forex4you, May 13, 2022, 08:12 pm

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USD/CAD Price Testing YTD Highs as Oil Slips, USD Firms up

On Thursday, USD/CAD returned to its year-to-date highs, gaining positive momentum. The US dollar gained some support from the Fed’s aggressive rate hike statements. Oil prices dropped again, further strengthening the Canadian dollar. The USD/CAD price gained steadily during the European session, moving closer to its yearly high in the last hour in the 1.3045 … Continued


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