Canadian Dollar holds steady as US inflation boosts US Dollar while Oil cushions CAD
USD/CAD trades without a clear direction on Wednesday, hovering around 1.3700 at the time of writing, as investors balance persistent US Dollar (USD) strength against support for the Canadian Dollar (CAD) from elevated Oil prices.
The USD may continue to strengthen due to persistent inflation concerns, while the CAD could find support from elevated Oil prices. This may lead to a range-bound trading environment for USD/CAD around the 1.3700 level.
USD/CAD trades without a clear direction on Wednesday, hovering around 1.3700 at the time of writing, as investors balance persistent US Dollar (USD) strength against support for the Canadian Dollar (CAD) from elevated Oil prices.
Trade this news on a regulated broker
Turn this story into your next trade — earn cashback on every lot
News moves markets. Open a live account with one of the brokers below and SignalPro pays you cashback on every lot you trade — winning or losing — for the lifetime of your account.
- Open in 5 minutes · USDT TRC20 deposits
- $6.5–$12/lot lifetime cashback
- Full SignalPro VIP access included
- Open in 5 minutes · USDT TRC20 deposits
- $5.5–$10/lot lifetime cashback
- Full SignalPro VIP access included
- Open in 5 minutes · USDT TRC20 deposits
- $5–$9/lot lifetime cashback
- Full SignalPro VIP access included
Trading involves risk of loss. Cashback rates are estimates based on standard lots; actual rebates depend on your account type and instrument. SignalPro receives an introducing-broker commission when you open an account through these links — at no extra cost to you.
Cashback Calculator
How much could you earn back per year?
Move the slider to your real monthly trading volume. We instantly show your estimated yearly cashback at each broker. Cashback is paid for life on every trade you make — closed at a profit or a loss.
Estimates based on published partner cashback programs. Actual rebates depend on account type, instrument, and lot definition. See full VIP Trader Hub →
Trade these moves with SignalPro
Get push alerts the moment our analysts spot setups around news events. Join 50,000+ traders.
Discussion