The USD\/CAD pair has erased some of Monday\u2019s losses and is now gaining about 0.24% at the time of writing.
The diminished market sentiment keeps safe haven currencies like the US dollar in a positive situation. Investors brace for US Consumer Price Index for July, with headline inflation estimated to fall.
The USD\/CAD slightly advances from around Monday\u2019s lows amidst a negative market sentiment due to traders preparing for July\u2019s US inflation report. Also, geopolitical jitters, spurred by US House Speaker Pelosi\u2019s trip to Taiwan, caused an aggressive reaction from China, extending its military drills beyond the due date.
The USD\/CAD is trading at 1.2884 above its opening price after hitting a daily low at 1.2843 early in the North American session.
The USD\/CAD Tuesday\u2019s price action is driven by investors preparing for US CPI. Last Friday\u2019s US jobs report poured cold water on recession fears after creating 528K new jobs in the economy, consequently driving down the unemployment rate to 3.5%.
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The USD\/CAD pair has erased some of Monday\u2019s losses and is now gaining about 0.24% at the time of writing.The diminished market sentiment keeps safe haven currencies like the US dollar in a positive situation. Investors brace for US Consumer Price Index for July, with headline inflation estimated to fall.The USD\/CAD slightly advances from around …<\/p>\n","protected":false},"author":13,"featured_media":61177,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6978,7015],"class_list":["post-69836","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-cpi","tag-usd-cad"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/69836","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=69836"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/69836\/revisions"}],"predecessor-version":[{"id":69841,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/69836\/revisions\/69841"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/61177"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=69836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=69836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=69836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}