Canadian Dollar dives on risk-off markets with US CPI on tap
The Canadian Dollar (CAD) accelerates its decline against the US Dollar (USD) on Tuesday, with the USD/CAD pair rallying above 1.3700 and set to test its highest levels in nearly a month, at 1.3714.
The Canadian Dollar is likely to continue its decline against the US Dollar as risk-off sentiment prevails ahead of the US CPI release. The USD/CAD pair may test and potentially break the 1.3714 resistance level.
The Canadian Dollar (CAD) accelerates its decline against the US Dollar (USD) on Tuesday, with the USD/CAD pair rallying above 1.3700 and set to test its highest levels in nearly a month, at 1.3714.
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