Thursday, 5 May 2022

USD/CAD Rate Outlook Mired by Failure to Test 2021 High

The opening range for May warns of a larger pullback in USD/CAD amid the failed attempt to test the 2021 high (1.2964).

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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...