USD / CAD - Canadian dollar rises
The Canadian dollar drifted higher helped by improved global risk appetite following signs of easing trade friction between the U.S. and China and expectations for back-to-back 25 bp Fed rate cuts.
Key market indicators include:
- USDCAD open: 1.3974
- overnight range 1.3970-1.4011
- close: 1.3997
- WTI: 60.86
- Gold: 4039.41
Trump slaps another 10% tariff on Canada-FX traders yawn - US/China announce trade deal framework, - US dollar slides on improved risk sentiment.
Author's summary: Canadian dollar rises amid improved risk sentiment.
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