Bearish
USD/CAD drops to 1.3770 amid broad USD weakness and rising oil prices.
The USD/CAD pair declined by 0.73% to 1.3770, influenced by a weaker US dollar and higher oil prices. This marks the third consecutive day of selling pressure for the pair.
Key points
- The USD/CAD pair fell to 1.3770, driven by broad USD weakness and a notable rally in commodity prices.
- Traders are awaiting Canadian Retail Sales data and US flash PMIs for further market direction.
- US and Canadian negotiators are set to meet to finalize a trade deal, potentially easing tariffs.
Sources
AI-generated from public news sources. Not financial advice.
