Open Demo Account
Home / Market Update / Forex Market / USD/CAD Maintains Some Gains Ahead of Fed Decision

USD/CAD Maintains Some Gains Ahead of Fed Decision

M. Ali 27 January, 2021 9:24 pm Forex Market, Market Update

The U.S. Dollar (USD) is maintaining its gains against the Canadian Dollar (CAD) on Wednesday, despite the latter being supported by a rise in oil prices on the back of a large drop in crude stockpiles in the United States.

The USD/CAD pair is up for the day by 0.55% at 1.2764.

The pair has been moving in a range between 1.2686 and 1.2823, noting that it closed yesterday at 1.2694.

Markets are anticipating the outcomes of the U.S. Federal Reserve policy meeting, which is not expected to result in a shift in the easing policies.

Tags

Check Also

Asian Markets Erupt as U.S.-Iran MOU Signals End to War: Nikkei Hits Record High Ahead of BOJ Rate Hike

Key Takeaways KOSPI leads Asia: South Korea’s index surged 5.6%, coming back within sight of …

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