USD/CAD climbs back closer to 1.3500 amid softer oil prices, broad-based USD strength

USD/CAD climbs back closer to 1.3500 amid softer oil prices, broad-based USD strength – by hareshmenghani USDCAD Recession Fed Inflation Currencies

ean session. Spot prices reverse the previous day's downfall, with bulls now awaiting a sustained move beyond the 1.3500 psychological mark before placing fresh bets.

The USD remains well within the striking distance of a six-week high touched last Friday and continues to draw support from expectations that thewill stick to its hawkish stance. In fact, the markets are pricing in at least a 25 bps lift-off at the next two FOMC meetings in March and May, which pushes the US Treasury bond yields higher and underpins the buck.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FXStreetNews /  🏆 14. in US

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

USD/CAD Price Analysis: Tests the upside break around 1.3500The USD/CAD pair has attempted a rebound after building a cushion around 1.3470 in the early Asian session. The Loonie asset is looking to extend its
Read more »

USD/CAD bulls attack 1.3500 amid downbeat Oil price, BoC inflation, Fed Minutes in focusUSD/CAD picks up bids to reverse Friday’s corrective move from a 1.5-month high, up 0.08% intraday near 1.3490 during the five-day uptrend to early Mo
Read more »

USD/CAD Price Analysis: Bears stay hopeful despite latest rebound towards 1.3500USD/CAD Price Analysis: Bears stay hopeful despite latest rebound towards 1.3500 USDCAD Technical Analysis SwingTrading ChartPatterns SupportResistance
Read more »

USD/CAD slides closer to mid-1.3400s amid rebounding oil prices, downside seems cushionedUSD/CAD slides closer to mid-1.3400s amid rebounding oil prices, downside seems cushioned – by hareshmenghani USDCAD Recession Fed Inflation Currencies
Read more »

USD/CAD:Little or no respite for the Loonie – ScotiabankThe Canadian Dollar is poised to retain a soft undertone, in the opinion of economists at Scotiabank. The Loonie has little chance of strengthening “S
Read more »

USD/CAD juggles around 1.3450 as investors await Canada’s Inflation and Retail Sales dataThe USD/CAD pair is demonstrating a rangebound performance around 1.3450 in the early Tokyo session. The Loonie asset has turned sideways as investors
Read more »