USD/CAD 1.3941 ,-0.0052 ,-0.37%
Today USD/CAD is trading on 1.3941. The U.S dollar has been seen selling off this week and this is because the traders are looking forward to taking a risk in the central bank that is going to be taking place this week. Moreover, oil prices have been going higher and it went up with nearly 15% on Today on hopes for some demand recovery especially after some European countries and the US cities moved to ease the lockdown and also the risk assets have been performing very well after the positive results about the coronavirus that have been going on leading to countries in Europe and Australia easing down their lockdown restrictions and this contributed in suppressing the USD.