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26.03.2020 USD/CAD Daily Analysis

The pair is trading on a low of 1.4168 today. The USD is becoming weaker because the fears of the pandemic have overshadowed the high hopes

26.03.2020 USD/CAD Daily Analysis
Yazar: Zack Smith

Yayınlanma: 26 Mart 2020 22:27

Güncellenme: 15 Kasım 2024 08:04

26.03.2020 USD/CAD Daily Analysis

USD/CAD  1.4126,- 0.0062 ,- 0.45% The pair is trading on a low of 1.4168 today. The USD is becoming weaker because the fears of the pandemic have overshadowed the high hopes that the stimulus of 2 trillion dollars that was implemented to bring back businesses that have been affected by the virus. To add on, the USD is also being impacted negatively by the expectations that the unemployment rate of March is going to increase with 10% from the one of February which was 3.5% and this is because of the shutdown of many big companies due to the virus.
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