Apr 8, 2021 14:06 GMTFXStreet News
USD/CAD is struggling to make a decisive move in either direction.
US Dollar Index stays in the negative territory below 92.30.
WTI posts modest losses after closing the previous two trading days in the green.
After rising for two straight days and touching its highest level in a week at 1.2636 on Wednesday, the USD/CAD pair seems to have gone into a consolidation phase and was last seen losing 0.1% on a daily basis at 1.2595.
DXY turns south as US T-bond yields slide
On Wednesday, the greenback gathered strength against its rivals as the benchmark 10-year US Treasury bond yield rose more than 1% on the day. With the US Dollar Index (DXY) staging a rebound, USD/CAD managed to close in the positive territory.