USD/CAD fell to its lowest level since April 2018 this week amid fresh USD weakness. Devoid of major nearby support, the pair could continue lower in the weeks ahead.
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USD/CAD fell to its lowest level since April 2018 this week amid fresh USD weakness. Devoid of major nearby support, the pair could continue lower in the weeks ahead.
from DailyFX – Market News https://bit.ly/3oOUsbo
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Both EUR/JPY and EUR/USD rates have retained their bullish posture, even as the Euro lags its peers elsewhere.
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EUR/JPY and EUR/USD rates may continue to push higher in the near term despite the notable tightening of coronavirus restrictions in several European nations.
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Crude oil prices are hovering at a 9-month high despite OPEC+ warning about a slower recovery in energy demand. A weaker US Dollar, the vaccine rollout and stimulus hopes buoyed prices.
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Learn about the ASEAN-China relationship and how to trade ASEAN currencies like the Singapore Dollar, Indonesian Rupiah, Philippine Peso and Malaysian Ringgit using the Core-Perimeter model.
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