The post USD/CAD strives to break above 1.3600 as US slowdown risks ebb appeared on BitcoinEthereumNews.com.

USD/CAD aims to break above 1.3600 on upbeat US job data for September. Traders see the Fed reducing interest rates gradually. The Canadian Dollar remains under pressure despite the Oil price rising to a fresh five-week high. The USD/CAD pair gathers strength to break above the round-level resistance of 1.3600 in Monday’s European session. The Loonie asset extends its winning streak for the fourth trading session as the US Dollar (USD) gains further on expectations the Federal Reserve (Fed) will not extend its policy-easing spell with an aggressive approach. US Dollar PRICE Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the British Pound.   USD EUR GBP JPY CAD AUD NZD CHF USD   0.07% 0.35% -0.19% 0.13% 0.06% 0.26% -0.16% EUR -0.07%   0.35% -0.23% 0.09% -0.03% 0.18% -0.25% GBP -0.35% -0.35%   -0.62% -0.25% -0.38% -0.13% -0.48% JPY 0.19% 0.23% 0.62%   0.32% 0.24% 0.40% 0.08% CAD -0.13% -0.09% 0.25% -0.32%   -0.05% 0.13% -0.29% AUD -0.06% 0.03% 0.38% -0.24% 0.05%   0.26% -0.18% NZD -0.26% -0.18% 0.13% -0.40% -0.13% -0.26%   -0.38% CHF 0.16% 0.25% 0.48% -0.08% 0.29% 0.18% 0.38%   The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote). S&P 500 futures have posted significant losses in the European session, exhibiting a dismal market sentiment. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, holds onto gains near 102.50. Investors…

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Filed under: News - @ October 7, 2024 11:26 am