USD/CAD drops to levels last seen in February. The US fiscal impasse keeps the dollar under pressure. USD/CAD fell to six-month lows on Thursday as fading hopes for additional US fiscal stimulus kept the greenback under pressure. The pair clocked a low of 1.3227 during the Asian trading hours. That level was last seen on Feb. 21. Focus on US fiscal impasse Republicans and Democrats remain deadlocked over additional stimulus for the US economy on Wednesday. President Trump accused Congressional Democrats of not wanting to negotiate the aid package as both sides traded blames for the five-day delay in talks over relief regulation, as noted by Reuters. The coronavirus outbreak has taken a heavy toll on the US economy and without additional stimulus, the economic recovery may stall. As such, investors offered dollars on Wednesday, and during Thursday’s Asian session. And yet that wasn’t the only reason for the decline in USD/CAD. The uptick in gold likely added to bearish pressures around the US dollar. The yellow metal rose above $1,935, extending Wednesday’s bounce from $1,963 to $1,900. In addition, the overnight rally in oil may have drawn bids for the Canadian dollar. WTI rose over 2% on Wednesday after the US government data showed a fall in inventories. Technical levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Chainlink Price Prediction: LINK/USD clocks new all-time highs, eyes glued on $20 FX Street 2 years USD/CAD drops to levels last seen in February. The US fiscal impasse keeps the dollar under pressure. USD/CAD fell to six-month lows on Thursday as fading hopes for additional US fiscal stimulus kept the greenback under pressure. The pair clocked a low of 1.3227 during the Asian trading hours. That level was last seen on Feb. 21. Focus on US fiscal impasse Republicans and Democrats remain deadlocked over additional stimulus for the US economy on Wednesday. President Trump accused Congressional Democrats of not wanting to negotiate the aid package as both sides traded blames for the five-day delay in talks… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
