USD/CAD slides below 1.3500 as US Dollar retreats, Oil price rebounds amid cautious optimism – by anilpanchal7 USDCAD RiskAppetite Oil Fed BOC
Receding fears of recession, banking fallouts underpin mildly positive sentiment.Risk catalysts eyed ahead of the all-important Wednesday.
In doing so, the Loonie pair justifies the US Dollar’s pullback amid mildly positive sentiment. Adding strength to the USD/CAD fall could be the recent recovery in WTI, as well as the Canadian Dollar’s preparations for Wednesday’s Bank of Canada Monetary Policy announcements.
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