The USD/CAD pair moves vertically to near the round-level resistance of 1.3600 in the late European session. The Loonie asset strengthens as the US Do
Investors await the Fed Powell’s speech and US Manufacturing PMI data.pair moves vertically to near the round-level resistance of 1.3600 in the late European session. The Loonie asset strengthens as the US Dollar concludes its correction and resumes its upside journey to near fresh 11-month high around 106.80.are expected to remain cautious despite US government managing to ditch a government shutdown in a last-minute deal.
On the Canadian Dollar front, investors await the employment data for September, which will be released later this week. The economic data will shape upcoming monetary policy meetings.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.
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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.
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