USD/CAD Bounces Back After Falling, Remains below 1.3600

The USD/CAD pair fell to 1.3573 during the European session, but then succeeded in making a slight bounce and gained 0.04% at the time of writing, reaching 1.3590

Good market sentiment that was seen in risk appetite and the rise of the leading European indicators, all made it difficult for the US dollar to find demand on Wednesday. The US dollar index had risen to an almost  one-month high at 97.80 on Tuesday and now at weekly lows  96.97.

NFP comes in the second half of the day. The market expects the report to report +3M million in June and expects the unemployment rate to decrease to 12.7% from 13.3% recorded in May.

On the other hand, oil prices were on the positive side as well, with WTI rising nearly 1% to $ 40.08 at the time of writing.