Forex: USD/CAD advances to 0.9880 after Beige Book
Forex pairs in this Article »
USD/CAD
FXstreet.com (San Francisco) - After falling to intra-day lows at 0.9865 and bouncing to 0.9885, the USDCAD traded lower the last couple of hours, hovering around the low. But following the publication of the US Beige Book, the Dollar has gained 10 pips against its Canadian counterpart.
Currently the pair is pricing at 0.9878, 0.05% below opening price action. Analysts at Forex Ticket highlighting the next level of support at 0.9842.
Mauricio Carrillo from FXstreet.com commented in his Twitter account that "Beige Book says economy would be slightly better than Fed said in August meeting. BUT economy is still weak." Market is focus on Jackson Hole and reaction was limited across the currency pairs.
Currently the pair is pricing at 0.9878, 0.05% below opening price action. Analysts at Forex Ticket highlighting the next level of support at 0.9842.
Mauricio Carrillo from FXstreet.com commented in his Twitter account that "Beige Book says economy would be slightly better than Fed said in August meeting. BUT economy is still weak." Market is focus on Jackson Hole and reaction was limited across the currency pairs.
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