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USD/CAD Forecast: Rising Oil Prices to Support CAD

by Forex Crunch
June 5, 2023
in Forex Analysis
Reading Time: 1 min read

The US dollar remained steady, having reached a two-week low of C$1.3408 on Friday. Saudi Arabia plans to substantially reduce output in July. The US dollar strengthened against major counterparts following a robust US jobs report. Today’s USD/CAD forecast is bearish. The Canadian dollar maintained its strength against the US dollar amid Saudi Arabia’s significant … Continued
The post USD/CAD Forecast: Rising Oil Prices to Support CAD appeared first on Forex Crunch.
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