USD/CAD struggles near two-month low, seems vulnerable below 100-day SMA
USD/CAD remains on the defensive near a two-month low touched on Wednesday. Hopes for a less aggressive Fed, the risk-on mood continues to weigh on the buck. An uptick in oil prices underpins the loonie and also contributes to capping the pair. The USD/CAD pair struggles to gain any meaningful traction and remains confined in… Read More »