OctaFX | OctaFX Forex Broker
Open trading account

USD/CAD losing ground

FXstreet.com (London) - USD/CAD has lost ground since the dollar’s subsequent gains yesterday when a surprise uptick in Consumer Confidence and higher US treasuries lead the pair to 1.0422 highs.

The pair had slipped quite abruptly off the overnight high within the broader uptrend. At time of writing the pair is dropping in the European session to print session lows of 103.58 as the dollar slips across the board. BoC today and Carneys last appearance before the BoE job and is expected to leave things unchanged.
1.0340/60 comes as initial support then 1.0310.

EUR/USD around 1.2950 after German CPI

The shared currency kept the area of 1.2950 on Wednesday, after the advanced German CPI for the month of May surpassed expectations....
Read more Previous

Flash: USD/CHF remains bullish - Commerzbank

Commerzbank research teams have said that the market has seen a strong recovery just ahead of the .9578 mid-May low and the .9568 March high
Read more Next
Start livechat