TradingView
Financebroker
Oct 6, 2020 2:38 PM

The recent news about the US president’s health Short

U.S. Dollar / Canadian DollarFOREX.com

Description

Thanks to the oil market’s current status, the US dollar to Canadian dollar exchange rate continues to head down in the trading sessions. And it is projected that the trading pair’s prices would go down to its support level in the coming days. The recent news about the United States president’s health after testing positive for the virus last week has boosted optimism in the commodity market. Just recently, it was reported that President Donald Trump staged a reckless departure from the Walter Reed National Military Medical Center yesterday, telling his supporters that the virus has dangerously deprived him of oxygen. Trump’s move has somehow assured the market that he is now feeling better and that he can recover from the coronavirus. In addition to that, the markets are also hoping that the Republicans and the Democrats will be able to agree on a consensus stimulus program that would help the US economy in the coming months again.
More