USD/CAD depicts “silence after the storm” below three-week low near 1.3400 amid firmer Oil price – by anilpanchal7 USDCAD BOC Inflation Employment Fed
Comparatively strong Canadian jobs report, Oil price recovery favor Loonie pair buyers.Canada geopolitics, US CPI eyed for clear directions.stays pressured at the lowest levels in three weeks, close to 1.3380 amid early Monday morning in Europe. That said, the Loonie pair dropped the most in four months the previous day amid a strong Canada jobs report, versus unimpressive details of the US Nonfarm Payrolls .
That said, hopes for the US policymakers’ ability to tackle looming default fears, ahead of Tuesday’s meeting of US President Joe Biden with the White House with Republican House Speaker Kevin McCarthy, Republican Senate Minority Leader Mitch McConnell and top congressional Democrats to discuss the debt ceiling issue also weigh on USD/CAD price.
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