USD/CAD Pair Maintains Stable Range as Investors Anticipate Powell's Testimony

Monday, 8 July 2024, 23:00
The USD/CAD pair continues to trade within a tight range above 1.3600, hovering around 1.3635 in the early Asian session. Investors are closely watching for insights from Powell's upcoming testimony.
FXStreet
USD/CAD Pair Maintains Stable Range as Investors Anticipate Powell's Testimony

USD/CAD Trading Overview

The USD/CAD pair is currently consolidating in a narrow trading range above 1.3600, specifically around 1.3635 during the early Asian session.

Market Expectations

  • Investors are keenly awaiting Powell's testimony for potential market direction.

Conclusion

USD/CAD is maintaining a stable range as market participants brace for upcoming events.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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