Usd cad news

Here are some recent news articles and updates related to the USD/CAD currency pair:

Current Market Situation:

• The USD/CAD pair is currently trading at around 1.32, with the Canadian dollar strengthening against the US dollar.
• The pair has been range-bound in recent weeks, with the USD/CAD trading between 1.30 and 1.35.

Economic News:

• The Bank of Canada (BoC) kept interest rates unchanged at its latest policy meeting, citing the need to monitor the economy's response to the COVID-19 pandemic.
• The US Federal Reserve also kept interest rates steady, but hinted at potential rate cuts in the future.
• Canada's GDP growth rate slowed to 1.3% in the second quarter, down from 3.4% in the first quarter.
• The US economy grew at a 2.1% annual rate in the second quarter, down from 3.1% in the first quarter.

News and Events:

• The Canadian government is set to release its budget on November 30, which could have implications for the economy and the currency.
• The US-China trade talks are ongoing, with the two countries reportedly making progress on a phase one deal.
• The BoC is set to release its latest inflation report on December 18, which could influence the currency's direction.

Technical Analysis:

• The USD/CAD pair is trading within a descending channel, with the 50-day moving average acting as support.
• The RSI is currently oversold, indicating a potential bounce higher.
• The MACD is bearish, suggesting that the downtrend may continue.

Forecasts:

• A poll of currency analysts by Bloomberg suggests that the USD/CAD pair will trade at around 1.30 by the end of the year.
• A report by TD Securities predicts that the Canadian dollar will strengthen against the US dollar in the coming months, driven by a rebound in oil prices and a recovery in the global economy.

Please note that these are just some of the recent news articles and updates related to the USD/CAD currency pair, and should not be considered as investment advice. It's always important to do your own research and consult with a financial advisor before making any investment decisions.