USD/CAD saw fresh selling on Monday and broke two days of winning streak. The strong intraday rally in oil prices underpinned the Canadian dollar and exerted downward pressure. Fed rate hike expectations, Ukraine crisis benefited USD and should limit losses. The pair USD/CAD remained depressed early in the American session and was last seen flirting […]
Tag: currencies
AUD/USD steady above 0.7500, focus shifts to RBA on Tuesday
AUD/USD regained positive traction on Monday, although the rally lacked bullish conviction. Aggressive Fed expectations, Ukraine crisis underpinned safe haven USD and capped gains. Investors also seemed reluctant to make directional bets ahead of Tuesday’s RBA decision. The pair AUD/USD it maintained its tone offered earlier in the North American session and was last seen […]