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March 05, 2023
Friday at a glance: US Dollar-Canadian Dollar dipped as low as 1.3551 before recovering some lost ground. However, the rebound failed to push the stock to where it started the session (1.3597) with USD/CAD closing the day at 1.3596.
Though US Dollar-Canadian Dollar has been dropping, other pairs have been performing better: GBP/NZD surges 0.8% Friday and closed at 1.92. GBP/USD added 0.84% and closed around 1.1943 Friday. GBP/CAD went up by 0.84% Friday, and closed at 1.6375.
Furthermore, Canada Ivey PMI (Feb) is scheduled for tomorrow at 15:00 UTC.
The currency pair has been trending positively for about 30 days. Having set a significant low of 1.1321 3 months ago, US Dollar-Canadian Dollar is trading 20.09% higher.
