Today News [20 Oct 2021]: USD/CAD - DailyForexTrading.Net

Today News [20 Oct 2021]: USD/CAD - DailyForexTrading.Net


Refreshes multi-month lows

The USD/CAD pair continued losing ground through

the first half of the European session and

fell to the 1.2320 regions,

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USD/CAD finds support at 1.2315

The US dollar is trimming losses against its Canadian

counterpart after having bottomed at 3,

½-month lows at 1.2310earlier on Wednesday

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Rising commodity prices to push CAD

Rising global commodity prices, led by crude, coal, and metals

will shave a lot off the current account which is likely

to print at 1.3 per cent of the GDP or USD

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USD/CAD Sell-Off Continues

The US dollar continues to lose ground against

its Canadian counterpart with the pair touching a

new three-month low earlier in the session. 

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USD/CAD Exchange Rate Prediction 

USD/CAD moved lower as the Loonie gained traction

following Tuesday’s gains in builders confidence. The dollar

initially lost ground early in the trading session.

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Exness Broker


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