Stay updated with breaking news from Pointsusd cad. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
(MENAFN - DailyFX) Canadian Dollar Talking Points USD/CAD pares the rebound from the monthly low (1.2610) as it struggles to climb back above the 50-Day SMA (1.2744), and the rebound from the yearly low (1.2589) appears to have been a correction in the broader trend rather than a change in behavior as key market themes remain in place.USD/CAD Rate Rebound Unravels Following Test of 50-Day SMA Advertisement USD /CAD struggles to retain the advance following the US Retail Sales report even though longer-dated Treasury yields hold above pre-pandemic levels, and the exchange rate may consolidate over the remainder of the week as the Federal Open Market Committee (FOMC) Minutes highlight a wait-and-see approach for monetary policy. ....