Tag - cad - canadian dollar

USD/CAD looks vulnerable
USD/CAD looks vulnerable

USD/CAD reversed down from 1.2865 last week and formed a candlestick with a long upper wick on the W1.

USD/CAD : Higher oil prices support Canadian dollar
USD/CAD : Higher oil prices support Canadian dollar

Asian equity markets traded mostly higher as the region took impetus from global peers including the advances on Wall Street as governments around the world looked poised to boost spending to help economies recover from the coronavirus and vaccine roll-out programmes accelerated.

Risk-on mood remains intact
Risk-on mood remains intact

Asian equities traded mixed and attempted to shrug off the weak handover from the US where there was a slight negative bias.

Dollar regains some ground
Dollar regains some ground

President Joe Biden is expected to sign a new “Buy American” order, underlining the essential continuity of US trade policy despite the radical change of tone expected from Donald Trump’s administration.

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