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May 07, 2023After making its biggest single-day drop of 169 pips (1.25%) since Jan 6, USD/CAD closed at 1.337 Friday.
US Dollar-Canadian Dollar's value drop coincided with the fact that EUR/CAD is down to 1.4737, losing 169 pips, after ending the previous session around 1.4907. GBP/CAD is down to 1.6894, losing 125 pips, after ending the previous session around 1.702.
Though US Dollar-Canadian Dollar has been dropping, other pairs have been performing better: GBP/JPY jumps 0.95% Friday and closed at 168.71.
After setting a supportive marker at 1.1321 around 5 months ago, US Dollar-Canadian Dollar is now trading 19.59% higher.
