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14.05.2020 USD/CAD Daily Analysis

Today the USD/CAD is trading on 1.4102.  The US dollar remained well supported after when it was announced that the Fed Chair Jerome Powell

Yazar: editor_1

Yayınlanma: 14 Mayıs 2020 19:48

Güncellenme: 15 Kasım 2024 08:20

14.05.2020 USD/CAD Daily Analysis

USD/CAD 1.4102 +0.0014 +0.17% Today the USD/CAD is trading on 1.4102.  The US dollar remained well supported after when it was announced that the Fed Chair Jerome Powell still stood with his decision on the idea of negative interest rates that he rejected after it was proposed by Trump due to the fears of the second wave of the coronavirus infections and the loss of hope on the recovering of the economy anytime soon idea of negative interest rates.. This actually benefited the USD as the investors perceived the currency as a safe-haven.
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