The Canadian Dollar (CAD) stooped even lower against the US Dollar (USD) on Wednesday, sending the USD/CAD pair to a fresh seven-month high. The USD/C
A rising US Dollar bolstered by climbing US Treasury yields is sending USD/CAD higher. on Wednesday, sending the USD/CAD pair to a fresh seven-month high. The USD/CAD pinged a new high of 1.3780 before the USD finally eased off enough for the pair to ease back to 1.3740.
The Greenback continues its march up the charts as US Treasury yields continue to punch higher. The 1-year US Treasury yield hit 4.882% early Wednesday as US yields across the curve remain pinned into 17-year highs.The Canadian Loonie hit a new seven-month low against the Greenback.One more rate hike could provide the CAD with some much-needed support.
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