USD/CAD rescued by the rebound in Treasury-yields driven broad USD comeback. US CPI and Canadian housing data ignored ahead of US-China trade talks. The bulls were rescued by the broad-based US dollar comeback, lifting the USD/CAD pair off the lows to now trade above the 1.33 handle amid mixed US and Canadian macro news. US annualized Core CPI arrives at 2.4%, matches estimates The spot is seen making recovery attempts, mainly driven the renewed strength around the Treasury yields across the curve that in turn collaborated to the bounce in the US dollar from weekly lows vs. its main competitors. Fresh optimism appears to have sparked-in ahead of the US data, as the US-China trade talks get underway and market hopeful of some kind of agreement being reached today. Meanwhile, markets have shrugged off the mixed US CPI figures and upbeat Canadian New House Pricing Index, as the focus solely remains on the developments surrounding the trade talks for near-term trading impetus. On the CAD-side of the equation, the latest uptick in oil prices seems to have little to no impact on the resource-linked Loonie. Oil prices caught a fresh bid-wave amid heightened Turkey-Syria tensions and trade hopes. With the fresh leg higher, the buyers now aim to regain the 1.3350 barrier, however, the developments around the trade talks will likely determine the next price direction. USD/CAD Technical levels to watch 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 Forex News Today: Daily Trading News share Read Next China buys record volumes of US pork amid trade talks FX Street 4 years USD/CAD rescued by the rebound in Treasury-yields driven broad USD comeback. US CPI and Canadian housing data ignored ahead of US-China trade talks. The bulls were rescued by the broad-based US dollar comeback, lifting the USD/CAD pair off the lows to now trade above the 1.33 handle amid mixed US and Canadian macro news. US annualized Core CPI arrives at 2.4%, matches estimates The spot is seen making recovery attempts, mainly driven the renewed strength around the Treasury yields across the curve that in turn collaborated to the bounce in the US dollar from weekly lows vs. its main competitors.… 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.
