Open Demo Account
Home / Market Update / Forex Market / USD/CAD Reaching New Week Highs

USD/CAD Reaching New Week Highs

M. Ali 12 November, 2020 11:34 pm Forex Market, Market Update

The US Dollar (USD) is rising on Thursday against its Canadian counterpart (CAD) to new week highs, despite a recovery by crude oil prices, which did not provide the needed support to the Canadian Dollar.

The USD/CAD pair is trading higher for the day by 0.60% at 1.3142.

Earlier today, the pair touched as high as 1.3150, while its lowest level came at 1.3056, noting that it closed Wednesday at 1.3063 amid thin trade on Veterans Day in the US.

Tags

Check Also

Fed’s Cautious Stance Dampens Stock Market Rally

The Federal Reserve’s decision to implement a 25-basis-point interest rate cut, while anticipated by market …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends