OctaFX | OctaFX Forex Broker
Anmelden
Konto eröffnen
Back

USD/CAD trims gains, back below 1.3400

FXStreet (Córdoba) - The Canadian dollar is among the worst performers it the currency market on Thursday, but against greenback managed to trimmed losses during the last hours.

Commodity and emerging market currencies rallied against the US dollar during the last hours making a strong recovery. At the same time the euro, the yen and the Swiss franc pulled back.

USD/CAD stops at 1.3415

The pair peaked during the American session at 1.3415, hitting a fresh 11-year high. But it was rejected from above 1.3400 and lost strength. It made a strong retreated back toward the level it had at the beginning of the day.

The decline from above 1.3400 so far found support at 1.3330. Currently it trades at 1.3335/40, up just 0.15% for the day. USD/CAD is still headed toward the fifth daily gain in a row but the rally of the dollar seems to have run into resistance around 1.3400.

China is difficult to stabilize - BTMU

Analysts at Bank of Tokyo Mitsubishi explained that PMIs are suggesting China's remains an economy difficult to stabilize.
Mehr darüber lesen Previous

NZD/USD denying the bears for now

NZD/USD is currently trading at 0.6342 with a high of 0.6367 and a low of 0.6262.
Mehr darüber lesen Next
Livechat starten