USDCAD Latest News
Publish Date :
2019/11/08 - 13:16
The USDCAD pair is pushing higher in early EU trade and is now looking to take on the 1.32 resistance level.
The pair is already trading 0.18% higher.
The reason for the uncertain sentiment is that the positive trade war sentiment is good for oil. This, therefore, pushes CAD higher but the USD has been rising too off the back of the improved risk environment.
This morning as oil takes a break from its recent rally it seems it’s the dollars turn to push. In general terms, the greenback is performing well against most of its major counterparts.