CAD – The Canadian dollar weakened on Wednesday, giving back its earlier gains as a rebound in oil petered out and investor appetite for risk remained fragile.
RBC noted that “risk sentiment is still a major driver, with US stocks and WTI crude oil unable to sustain early gains. The cautious tone risk has pushed USD-CAD back above the 1.2800 threshold.”
RBC noted that “risk sentiment is still a major driver, with US stocks and WTI crude oil unable to sustain early gains. The cautious tone risk has pushed USD-CAD back above the 1.2800 threshold.”
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.