Wednesday, 5 May 2021

USD/CAD Defends April Low Ahead of US and Canada Employment Reports

The recent depreciation in USD/CAD appears to have stalled ahead of the January 2018 low (1.2247) as it defends the April low (1.2266).

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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...