Open Demo Account
Home / Market Update / Forex Market / USD/CAD Rises as Oil Prices Decline

USD/CAD Rises as Oil Prices Decline

M. Ali 28 June, 2021 11:05 pm Forex Market, Market Update

The U.S. Dollar (USD) rose against its Canadian counterpart (CAD) on Monday, with the latter falling on the decline in crude oil prices.

The USD/CAD pair is trading higher for the day by about 0.37% at 1.2337.

The pair has been moving in a mostly rising trend today, in a range between 1.2288 and 1.2348, mostly in the positive territory, after closing last week at 1.2292 and opening today at 1.2292.

Tags

Check Also

Gold Jumps Above $4,100 After Weak US Jobs Report Fuels Fed Rate Cut Hopes

The disappointing US payrolls data sends the dollar lower and boosts safe-haven demand. Gold rallied …

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