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The USDCAD has a few things pushing and pulling the pair in trading today

The USDCAD is being pushed and pulled by fundamentals today. On the positive side for the Canadian dollar, oil prices are higher with the price of WTI crude oil extending above $80 for the 1st time since April. That is bullish for the CAD (bearish for the USDCAD). On the negative side for the CAD, is that the USD fundamentals were much stronger today. Initial jobless claims showed strong job growth. GDP showed strong economic growth. Durable goods orders showed strong consumer/business growth a... Read More

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Content Topics

Usdcad

Things

Pushing

Pulling

Pair

Trading

Today

Forex

Posted: Jul 27 2023, 16:37

Author Name: forexlive

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