USD/CAD pares its losses, though capped between the 100/200-DMAs – by christianborjon USDCAD Majors Macroeconomics Fed Inflation
The University of Michigan Consumer Sentiment for August surprises the upside and boosts the greenback.USD/CAD
The USD/CAD exchanges hands above its opening price, but earlier in the European session, it tumbled to the daily low at 1.2739, but buyers moved in and lifted the pair above the 100-day EMA at 1.2795. Nevertheless, once the dust settled, the pair stabilized around current prices.
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