Canadian Dollar Outlook: USD/CAD Hinges on Oil & Yields
Summary
By sueyangfx.com August 03, 2021 at 11:04PM The Canadian Dollar is trading on its back foot again with USD/CAD rising 100-pips over the last three sessions. Crude oil and bond yields are poised to keep guiding USD/CAD price action.
More On DailyFX - Market News
- US Dollar Price Action: Hawkish Powell and Potential Month-End USD Buying
- British Pound Falls, US Dollar Soars on Fed. Will Boris Johnson Issues Drag GBP/USD?
- British Pound Falls, US Dollar Soars on Fed. Will Boris Johnson Issues Drag GBP/USD?
- Gold Price Crumbles After Hawkish Fed Boosted US Dollar. Where to for XAU/USD?
- Supportive USD Fundamentals and DXY Setup Ahead of FOMC
August 03, 2021 at 11:04PM
The Canadian Dollar is trading on its back foot again with USD/CAD rising 100-pips over the last three sessions. Crude oil and bond yields are poised to keep guiding USD/CAD price action.