USD/CAD Price Analysis: Retreats To 1.3800 As US Dollar Surrenders Intraday Gains
August 01, 2024 at 11:57 AM EDT
USD/CAD falls back as the USD fails to hold intraday gains. The US Dollar weakens on downbeat US Q2 United Labor Costs and a sharp contraction in ISM manufacturing PMI for July. A sharp recovery in Oil prices has strengthened the Canadian Dollar.
