USD/CAD stabilizes at one-month high around 1.3350 amid softer Oil price, sluggish US Dollar – by anilpanchal7 USDCAD YieldCurve PMI Oil RiskAversion
sion. In doing so, the Loonie pair seesaws at the highest levels in a month, flashed earlier in the day, while pausing a two-day winning streak.
Elsewhere, the DXY cheered the risk-off mood and also benefited from the strong US Treasury bond yields on Wednesday to refresh a three-week high. Also likely to have favored the US Dollar Index bulls were the strong US ADP Employment Change numbers for July. However, failure to cross a nine-week-old resistance line limits the Greenback’s gauge versus the six major currencies to 102.60 at the latest.
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