Forex
globalreutersAugust 27, 20241 Mins read
USD/CAD: Oversold condition in the USD is developing – Scotiabank
globalreutersAugust 27, 20241 Mins read The Canadian Dollar (CAD) is little changed on the session, leaving spot pressed back up against yesterday’s intraday low around 1.3468, Scotiabank’s Chief FX Strategist Shaun Osborne notes CAD holds gains in upper 1.34s “While factors continue to shift favourably for the CAD in broad terms, spot is trading further below our fair value estimate (1.3529) today.
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