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Tag: currencies

USD/CAD flirts with daily low below 1.2500 amid intraday surge in oil prices

USD/CAD flirts with daily low below 1.2500 amid intraday surge in oil prices USD/CAD flirts with daily low below 1.2500 amid intraday surge in oil prices

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 […]

AUD/USD steady above 0.7500, focus shifts to RBA on Tuesday

AUD/USD steady above 0.7500, focus shifts to RBA on Tuesday 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 […]