Thursday, 16 July 2020

USD/CAD Price Outlook: Dollar Builds a Base, Loonie Eyes Oil

USD/CAD just bounced off technical support near the 1.3500-price level as the Greenback gains ground and the Loonie edges lower alongside crude oil following fresh BoC rate guidance.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...