Tuesday, 31 August 2021

USD/CAD Reverses Ahead of 200-Day SMA as Canada GDP Contracts

USD/CAD appears to have reversed course ahead of the 200-Day SMA (1.2539) as Canada’s GDP report shows an unexpected contraction in the second quarter of 2021.

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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...