USD/CAD remains confined in a range around 1.3600 mark ahead of Powell’s testimony – by hareshmenghani USDCAD Fed BOC NFP Currencies
Bullish Oil prices underpin the Loonie and act as a headwind amid a modest USD weakness.The USD/CAD pair
The latest optimism over a fuel demand recovery in China pushes Crude Oil prices to the highest level since last January, which, in turn, underpins the commodity-linked Loonie. Apart from this, a generally positive risk tone is seen weighing on the safe-havenand acting as a headwind for the USD/CAD pair.
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