- USD / CAD erased the gains for the day and returned to the 1.2850 zone.
- The dollar loses ground in the preview of the American session, DXY falls below 90.00.
USD / CAD remains far from the highs it reached on Monday at 1.2958. So far this day it has held below 1.2900 and after recently hitting 1.2888, it fell back towards the 1.2850 zone erasing virtually all gains for the day.
Oil remains under pressure, stocks stabilize
The Strong selling pressure on the price of crude oil and the strength of the dollar on Monday, in the face of risk aversion, pushed the USD / CAD higher. Then the situation eased favoring the pair’s decline.
The WTI barrel maintains a short-term bearish bias and is trading below $ 47.50, losing close to 1%. Stock markets for their part are rising modestly. Wall Street futures point to a positive open with gains around 0.25%. The DXY failed to hold in positive territory and is back below 90.00.
Topics revolve around the negotiations of the Brexi. In the USA the new fiscal stimulus package. In minutes, US data will be released that includes third-quarter GDP data, existing home sales and consumer confidence.
Technical levels
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