Canadian Dollar trades tightly during the mid-week market session. Canada relegated to strictly mid-tier data releases for the rest of the week. BoC Summary of Deliberations is unlikely to deliver anything new. The Canadian Dollar is treading water on Wednesday, trading within a scant tenth of a percent against its largest peer — the US Dollar . US markets are shuttered for the midweek Juneteenth holiday, thinning out market volumes as investors look ahead to key data prints on Friday.
3700 handle before finding a floor in the midweek markets session, but the pair is trading into the low side of median bids at the 200-hour Exponential Moving Average near 1.3725. Despite a lack of near-term momentum, the CAD is slowly grinding out thin gains against the US Dollar. The USD/CAD has closed flat or down for all but one of the last seven straight trading days, and Wednesday is firmly on pace to chalk in an eighth. The pair is still holding on the high side of the 50-day EMA at 1.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »