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USD/CAD fell toward 1.3200 on July 31 as the US dollar index eased to near 101.60 and oil rose above $81. Traders awaited the US manufacturing PMI, which was expected to show continued contraction.
A softer dollar and firmer oil support commodity-linked currencies, while continued US factory weakness reduces demand expectations for industrial and energy-linked markets.
octaafrica.netJul 31, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
