Canadian Dollar picks up with the USD losing ground in a risk-on session.
Investors are looking for the sidelines ahead of Wednesday’s US CPI and BoC rate decision. USD/CAD keeps its positive trend intact with CAD recovery attempts limited. The Canadian Dollar is trading moderately higher on Monday, extending the rebound from the year-to-date lows after Friday’s upbeat Ivey PMI offset the negative impact of upbeat US Nonfarm Payrolls.
43% -0.35% -0.69% -0.14% -0.63% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR /JPY . Technical analysis: USD/CAD remains biased higher despite failure to break the channel top at 1.
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