FX:USDCAD   U.S. Dollar / Canadian Dollar
The US dollar has hit its lowest levels against six major world currencies over the past twenty-two months. This was influenced by the tense situation in the United States. There are massive protests in the country. And this situation creates problems for compliance with the quarantine regime. That entails a high degree of morbidity and the inability of violence to work. Unrest in the streets has also forced small and medium-sized businesses to suspend their activities, which affects the economic capacity of the country. The government currently counts only on large corporations. The US dollar currency pair has reached the support level against the Canadian dollar and is not going to break it. Technical analysis indicators also indicate a trend reversal. The level of oil resistance also indicates a possible correction and drawdown of oil, which may affect the growth of the dollar. The Fed, in turn, did not want to change the interest rate so as not to further destabilize the situation in the country. This will give the dollar a chance to strengthen slightly.
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