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20.05.2020 USD/CAD Daily Analysis

Today the USD/CAD currency pair is trading on 1.3951. The U.S. dollar pushed higher in early European trade today this was caused by doubts

Yazar: editor_1

Yayınlanma: 21 Mayıs 2020 15:40

Güncellenme: 15 Aralık 2025 09:20

20.05.2020 USD/CAD Daily Analysis

USD/CAD 1.3951, +0.0012, +0.12% Today the USD/CAD currency pair is trading on 1.3951. The U.S. dollar pushed higher in early European trade today this was caused by doubts over the potential vaccine of  Moderna for the treatment of coronavirus. There was a report that was announced from the medical news website called STAT  which stated that a  U.S Drugmaker company Moderna  (NASDAQ:MRNA)  provided insufficient data to assess the vaccine’s success. This forced investors to return back to the US dollar that they have dumped as the safe haven as the report depressed the hopes of a potential cure for the virus.
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