USD/CAD Forecast: Steady Near 1.3750 as Softer Greenback Offset by Weaker Oil

my USD/CAD forecast

The USD/CAD forecast remains defensive as the dollar loses momentum amid improved sentiment. Dismal US PMI and accommodative Fed keep the greenback softer. Declining energy prices cap the gains in CAD, especially after the situation in Venezuela. During Tuesday’s London session, the USD/CAD price is on the defensive, continuing a slight decline from the 1.3815…

The post USD/CAD Forecast: Steady Near 1.3750 as Softer Greenback Offset by Weaker Oil appeared first on Forex Crunch.

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