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16.06.2020 USD/CAD Daily Analysis

Today the USD/CAD is trading on 1.3451. The dollar sold off in early European trade Tuesday, as the Federal Reserve’s move to start purchasing U.S.

Yazar: editor_1

Yayınlanma: 16 Haziran 2020 19:35

Güncellenme: 25 Kasım 2024 15:53

16.06.2020 USD/CAD Daily Analysis

USD/CAD 1.3541,-0.0029,-0.21% Today the USD/CAD is trading on 1.3451. The dollar sold off in early European trade Tuesday, as the Federal Reserve’s move to start purchasing U.S. corporate bonds boosted sentiment at the expense of safe havens. Today Fed Chairman Powell is going to be testifying in terms of of the economic outlook and monetary policy decisions and the attention of traders is automatically focused on this event since he is the head of the Central bank he has more influence on the value of the USD.
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