2026-05-11
Analysts at Scotiabank have indicated that the risks for the Canadian Dollar (CAD) are currently skewed to the upside against its US counterpart,.
Analysts at Scotiabank have indicated that the risks for the Canadian Dollar (CAD) are currently skewed to the upside against its US counterpart,.
The USD/CAD pair traded in a narrow range on Wednesday, hovering just below the 1.3700 psychological level as the 100-day Exponential Moving Average.
The Canadian dollar remained under pressure against a broadly stronger US dollar on Wednesday, though a continued rally in crude oil prices helped.
The USD/CAD currency pair softened slightly on Tuesday, as traders turned cautious ahead of key Canadian and US employment data due later this.
The Canadian dollar weakened against its U.S. counterpart on Friday after the latest employment report from Statistics Canada came in well below market.
The USD/CAD pair eased from a one-week high during Thursday’s trading session, settling near the 1.3650 mark as market participants adopted a cautious.
The Canadian dollar (CAD) is maintaining its recent gains against the US dollar, displaying a notable resilience even as crude oil prices —.
Scotiabank analysts have reiterated that the bearish trend in the USD/CAD currency pair remains intact as long as the exchange rate stays below.
The USD/CAD currency pair is trading in a narrow, consolidative range as conflicting market forces keep both the US dollar and the Canadian.
The Canadian dollar remained largely unchanged against its US counterpart on Wednesday, as a decline in crude oil prices offset broader market support.