Today News: USD/CAD [4 Nov 2021] - FXsources

Today News: USD/CAD [4 Nov 2021] - FXsources

Canadian Dollar Retreats As Oil Prices Pull Back

USD/CAD is currently trying to stay above the 20 EMA at 1.2415 while

the U.S. dollar is flat against a broad basket of currencies.

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USD/CAD prints a fresh three-week high around 1.2450
ahead of the FOMC meeting

USD/CAD climbs during the New York session,

up 0.06%, trading at 1.2424 at the time of writing

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Canadian Dollar Pressured by Oil Price Slide

The Canadian dollar continued to sink yesterday and overnight

due to the twin pressures of sliding oil prices

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USD/CAD at the mercy of US jobs data this week

USD/CAD is flat on the day and in the consolidation of the prior daily

bearish impulse after a being outcome from the Federal reserve

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USD/CAD drops below 1.2400 as WTI rebounds
ahead of OPEC+ meet

USD/CAD is falling back towards the daily lows of 1.2375,

as the bulls fail to resist above the 1.2400 level.

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USD/CAD drops back to 1.2400 post-dovish Fed,
but oil sell-off weighs on loonie

USD/CAD has pulled back sharply from earlier session highs above

1.2450 and is at present flirting with the 1.2400.

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