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11.06.2020 USD/CAD Daily Analysis

The USD/CAD today is trading on 1.3462. The dollar pushed higher in early European trade with investors looking forward to going back to the US dollar

Yazar: editor_1

Yayınlanma: 11 Haziran 2020 19:44

Güncellenme: 22 Kasım 2024 23:54

11.06.2020 USD/CAD Daily Analysis

USD/CAD 1.3462, +0.0050, +0.38% The USD/CAD today is trading on 1.3462. The dollar pushed higher in early European trade with investors looking forward to going back to the US dollar as the safe haven after the Federal Reserve’s announced that the economy of the U.S is gonna take years to recover after being hit by the pandemic. The U.S. central bank projected late Wednesday that the U.S. economy would shrink 6.5% this year and the unemployment rate would be 9.3% at year's end. This sent investors out of stocks and heading to the dollar.
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