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USD/CAD remains under selling pressure below 1.3530 amid weaker US Dollar, higher oil prices
The USD/CAD pair trades on a softer note near 1.3520 on Thursday during the early Asian trading hours. The rise of crude oil prices to their highest levels since October boost the commodity-linked Loonie. Additionally, the weaker-than-expected US ISM Services PMI data for March weighs on the Greenback and drags the USD/CAD pair lower. The Institute for Supply Management (ISM) showed on Wednesday that the US Services Purchasing Managers Index (PMI) for March dropped to 51.4 from 52.6 in February. This figure came in worse than the market expectation of 52.7. The US Dollar (USD) attracts some sellers following the ... (full story)
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- Posted: Apr 3, 2024 11:13pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,725
