Open Demo Account
Home / Market Update / Forex Market / USD/CAD Recovers From Lowest Level in Seven Months

USD/CAD Recovers From Lowest Level in Seven Months

M. Ali 27 August, 2020 11:18 pm Forex Market, Market Update

The Canadian Dollar (CAD) rose against the US Dollar (USD) on Thursday to its highest level in around seven month.

The USD/CAD pair is trading lower by 0.15% at 1.31249, after trading earlier as low as 1.3101, its lowest level since mid-January.

The CAD gave up some of its earlier gains due to the decline of oil prices, while the USD did not receive much support from the recent remarks by the Federal Reserve Chair.

Tags

Check Also

Bitcoin

Bitcoin Retreats from Record Highs Amid Cooling Optimism Over Trump Presidency and Rate Uncertainty

Bitcoin pulled back from near record highs on Friday as enthusiasm over a Donald Trump …

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