The USD/CAD slid to 1,3375 towards the European opening on Tuesday. The pair took a U-turn after touching an intraday ceiling when the US dollar fell at the start of Asian negotiations. However, oil prices declined, Canada’s largest export and a fall. The resurgence of covid in Quebec keeps USD/CAD bullish optimists optimistic.
A leap of more than 750 new instances of covid led the Quebec government to announce stricter restrictions to stop the spread of the virus in Quebec City and Montreal. Bars, casinos, restaurants, museums and libraries will be closed under the new restrictions, while the house visitors will also be banned.
WTI recorded a loss of -0. 55%, about $40. 45, in China’s inability to meet China-US targets. U. S. industry agreement and poor economic projections from the World Bank, which can lead to relief in global demand.
The US Dollar Index (DXY) remained strong after being promoted in the previous consultation amid growing optimism about additional stimulus from the United States and the European Central Bank (ECB).
Us equity futures are in the middle of the world. But it’s not the first time They are trading upwards and Asian markets are also at the forefront of yields on US Treasury bonds. But it’s not the first time At 10 years they remain mediocre by about 0. 66%
No Canadian macroeconomic knowledge is expected to be published today; a lot of Fed speakers and the U. S. debate between Trump and Biden can point to a direction in the short term.