Vea también
21.05.2025 06:41 PM
The USD/CAD pair is attracting sellers for the third consecutive day. A break below the 1.3900 level signals increased selling pressure, which could lead to further downside. Rising oil prices—driven by geopolitical tensions in the Middle East, particularly threats from Israel toward Iran—are raising concerns about potential supply disruptions. This supports the Canadian dollar, as Canada's economy is heavily reliant on oil exports.
Additionally, stronger-than-expected core inflation data from Canada reinforces expectations that the Bank of Canada may keep interest rates unchanged, which also supports the Canadian dollar. In contrast, the U.S. dollar is under pressure: the DXY index has fallen to a two-week low due to concerns over financial stability in the U.S. and expectations that the Federal Reserve may continue cutting interest rates in the future.
Political unpredictability linked to the Trump administration and renewed trade tensions between the U.S. and China are adding to the uncertainty and weighing on the dollar. All of these factors create favorable conditions for continued downside in the USD/CAD pair—especially when supported by technical analysis, which also points to a potential continuation of the downward trend. Oscillators on the daily chart remain in negative territory.
In the absence of significant economic data today, U.S. dollar movements will be influenced by speeches from FOMC members, while the Canadian dollar will be affected by oil price dynamics and inventory reports scheduled for release today.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
