USD/CAD holds near 1.3580 as Loonie firms on stronger PMI

USD/CAD holds near 1.3580 as Loonie firms on stronger PMI

USD/CAD edged higher by less than 0.1% on Friday, recovering from an early-session low near 1.3560 to trade around 1.3590. The pair has shed roughly 0.6% on the week after rolling over from the 1.3700 area mid-week, and momentum has appeared sluggish close to 1.3580 as a cluster of small-bodied candles points to indecision. The […]

Remains bullish despite hovering around 0.7200

Remains bullish despite hovering around 0.7200

AUD/USD holds to minimal gains of 0.10% late in the North American session, yet poised to finish the week up 0.84%. At the time of writing, the pair trades above 0.7200 as the ‘bullish engulfing’ chart pattern caps the Aussie on the downside. AUD/USD Price Forecast: Technical outlook From a technical perspective, the AUD/USD trades […]

US Dollar Index rebounds from two-week lows as as tariff tensions resurface

US Dollar Index rebounds from two-week lows as as tariff tensions resurface

The US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, turns higher on Friday, recovering from earlier weakness, though it remains on track to close the week in negative territory. It has been a volatile week for the US Dollar, with price action driven by suspected intervention by […]