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06.05.2020 USD/CAD Daily Analysis

Today USD/CAD pair is trading on 1.4078. The USD edged higher earlier today in today’s trade and this is because many currencies today have been facing too

Yazar: editor_1

Yayınlanma: 6 Mayıs 2020 21:29

Güncellenme: 12 Kasım 2024 10:08

06.05.2020 USD/CAD Daily Analysis

USD/CAD 1.4078, +0.0044 ,0.47% Today USD/CAD pair is trading on 1.4078. The USD edged higher earlier today in today’s trade and this is because many currencies today have been facing too much pressure due to different reasons thereby leading investors to do a safety flight to the USD  as Euro and GBP were selling off. Germany’s highest court of justice gave three months to the European Central Bank to justify its bond-buying program, therefore, leading to the pressure on the currency.
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