However, the world markets have managed to shrug off worries about the potential new round of trade war between the two biggest economies. View Scotiabanks buy and sell foreign exchanges prices/rates for popular currency pairs and Foreign exchange rates apply to non-cash transactions up to. agricultural products which were part of the trade deal with the U.S. However, the Canadian dollar remained close to par or 1:1 versus the gold or silver US dollar of the time. dollar despite the fact that both developments can potentially endanger recovery.Ĭhina has reportedly ordered its state-owned companies to stop purchases of certain U.S. did not lead to increased buying of the U.S. USD/CAD settled above the resistance at 1.2780 and is testing the next resistance level at 1.2800. Date US Dollar Canadian Dollar Friday, : 1 USD 1. USD/CAD Daily Forecast Canadian Dollar Is Under Pressure As WTI Oil Moves Below 70. 1 US Dollar or 1 USD to CAD: 1.356900 CA Canadian Dollar Exchange rate : 1.35690. – China tensions and the protests in the U.S. Please visit Canadian Dollar (CAD) US Dollar (USD). Numbers below 50 indicate contraction, but the rebound in PMI shows that economies are starting to recover from the acute phase of the coronavirus crisis. CAD/JPY remains interesting for bullish CAD approaches.
Canada’s Manufacturing PMI also rebounded from 33 in April to 40.6 in May. The Canadian Dollar has been really strong of late and the US Dollar is very much in the spotlight for this week. Manufacturing PMI increased to 39.8 in May compared to 36.1 in April. Dollar Index is trying to settle below the 98 level as the American currency is under pressure amid increased demand for riskier assets.
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