USDCAD Technical Analysis – The greenback gets some relief ...Middle East

Fundamental OverviewThe USD has finally got some relief since last week after being battered for weeks. The focus is now on the key data this week with the ISM Manufacturing PMI today and the NFP report on Friday in the spotlight. The market is waiting for the key economic releases this week, and especially the NFP report, as that will likely decide whether the Fed is going to deliver a standard 25 bps cut or go for a more aggressive 50 bps cut in the upcoming meeting. Right now, it looks like the Fed is going to cut rates into a resilient economy, which has been a positive driver for the risk sentiment, but if the data deteriorates further, it could trigger recessionary fears. Therefore, be

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USDCAD Technical Analysis – The greenback gets some relief ...Middle East

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