Canadian Dollar Update, May 18, 2022 – Canadian Dollar at a crossroads
USD/CAD Open: 1.2823-27, Overnight Range: 1.2797-1.2850, Previous Close: 1.2810 WTI Oil open at $113.90 and gold open at $1,819.57. US markets are lower today. For today, USD resistance is at 1.2869. Support is at 1.2768. Fed Powell suggest two more 50 bp rate hikes in June and July Canada’s April inflation expected to be […]
