USD/CAD moves sharply back to the 1.36 area. Economists at Scotiabank analyze the pair's outlook. Support aligns at 1.3520/1.3525 Solid USD gains on F
Solid USD gains on Friday put a bullish spin on the short and medium-term charts and drew a line under the developing downside pressures that had looked to be developing around funds through last week.
Gains extending through the upper 1.35s today suggest a return to the early September high near 1.37 is a realistic risk in the short run.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.EUR/USD came under renewed bearish pressure and declined below 1.0550 during the European trading hours on Monday. The pair is weighed by a buoyant US Dollar amid higher US Treasury bond yields and a cautious mood. US ISM PMI and Powell's speech eyed.GBP/USD turned south and retreated to the 1.2150 area after spending the Asian session in a tight range near 1.2200.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/CAD extends gains around 1.3580, US, Canada PMI data eyedUSD/CAD kicks off the week by continuing the gains in the second trading session. The spot price is bidding the quotes higher around 1.3580 during the
Read more »
USD/CAD Price Analysis: The key barrier is seen at 1.3600 ahead of the Canadian, US PMI dataThe USD/CAD pair loses some ground after being rejected from the 1.3600 barrier during the early European session on Monday. Traders await the Canadia
Read more »
Another record broken: September 2023 measures in as the hottest on record in San AntonioThis comes after the hottest summer ever was recorded in San Antonio earlier this year
Read more »
Rangers vs Mariners Odds, Picks, & Predictions — September 30MLB odds, predictions, and picks for Texas Rangers at Seattle Mariners on September 30. MLB free pick for Rangers-Mariners.
Read more »
2023 Love’s RV Stop 250 - September 30, 2023View 2023 Love’s RV Stop 250 race, qualifier and practice leaderboards, live streams, bonus cameras, videos and odds information.
Read more »