Skip to main content

Commodity currencies under the hammer-check out the USD/CAD now

The commodity currencies are falling under the sword of a stronger US dollar this morning. The ball was probably set rolling more into motion by the slide in the NZD/USD earlier today, following the dovish hold by the RBNZ. Incidentally, that has now fallen below 0.6100 a moment ago. At the same time the USD/CAD is extending its move above 1.35 once more and nearing the noted, and most recent high at 1.3585. The USD/CAD has not got there yet, but it is close. The USD/CAD closed in the US last night at 1.3528. It has risen to 1.3579 this morning. The 2024 high at 1.3585 remains intact for the time being, but for how much longer I wonder? The USD/CAD is currently trading at 1.3577
 

Ready to Get Started?

Start here. Join 2.9M Libertex users around the world!