Canadian Dollar holds range as Trump-Xi summit, firm Oil prices balance USD outlook
USD/CAD trades around 1.3705 on Thursday at the time of redaction, virtually unchanged on the day, as markets price in mixed effects following news from the US-China summit.
The USD/CAD is likely to remain stable in the short term as the market digests the outcomes of the Trump-Xi summit. However, any shifts in oil prices could lead to increased volatility in the CAD.
USD/CAD trades around 1.3705 on Thursday at the time of redaction, virtually unchanged on the day, as markets price in mixed effects following news from the US-China summit.
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