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USD/CAD Outlook: Weak Recovery, Holding Near Monday’s Lows

Increased risk appetite put pressure on the safe-haven dollar. The dollar dropped as investors awaited inflation data from the US. The dollar has risen 5% since late July. Today’s USD/CAD outlook is bearish. The pair recovered slightly but stayed close to lows hit on Monday. The Canadian dollar rose against the dollar on Monday, continuing... The post USD/CAD Outlook: Weak Recovery, Holding Near Monday’s Lows appeared first on Forex Crunch...
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Posted: Sep 12 2023, 08:12
Author Name: forexcrunch
Views: 091287