USDCAD – BULLISH REACTION
The US Dollar is in another bearish day as at the present moment, USD Index is 0.26% lower than its yesterday closing price.
Most of the major currencies reflect the weakness of USD, however USDCAD applies a divergence as it is moving 0.41% higher with a current price at 1.2750.
Later on, the Federal Reserve in the USA is going to give a Press Conference and it is set to leave the Interest Rates unchanged at 0.25%. If the forecasts and the outlook for the US economy are positive inclining towards quick recovery, we may see USD performing a bullish reaction.
USCAD has already an upbeat mood and along with a possible USD strengthening, it may expand its profits further.