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March 12, 2023
Friday at a glance: US Dollar-Canadian Dollar dipped as low as 1.3758 before recovering some lost ground. However, the rebound failed to push the stock to where it started the session (1.3805) with USD/CAD closing the day at 1.3802.
US Dollar-Canadian Dollar's value drop coincided with the fact that after ending Friday's session at 0.9325, USD/CHF lost 146 pips and is trading around 0.9178. USD/JPY is down to 134, losing 216 pips, after ending the previous session around 136.16.
Though US Dollar-Canadian Dollar has been dropping, other pairs have been performing better: GBP/USD added 1.31% and closed around 1.1923 Friday.
The currency pair has been trending positively for about a month. Having set a significant low of 1.1321 3 months ago, US Dollar-Canadian Dollar is trading 22.13% higher.
