US dollar rebounded from 3-year low versus the Canadian dollar lately. The 2021 have seen a different kind of movements for the currencies with Canadian dollar going higher earlier on and USD/CAD trading as low as 1.236. However, recently US dollar rebounded and began April above 1.25 level. Where it will be in future is an interesting question. As of start of new quarter the Canadian dollar is choosing the path that it will take next for Q2. Check out this pair and more other updates on our Twitter.
US dollar rebounded from 3-year low vs #Canadian #dollar— FXUpdates💵💶💴 (@ForexinWorld) April 1, 2021
🔴Canadian dollar is choosing the path next for Q2
USD/CAD 🇺🇸🇨🇦 at 𝟭.𝟮𝟱𝟳 now
Since start of 2021
MIN 𝟏.𝟐𝟑𝟔$USDCAD #currency #trading #thursdaymorning@ErikBregar @mayaivanoff @turbzen1 @forex700 pic.twitter.com/wMKwYYXQia
USD/JPY continues rise with the Japanese at 9-month low. Moreover, the 110 level in USD/JPY is about to be crossed. The pair seems to be very close and next couple of days will show if it is going to cross before March ends. The safe-haven flows did not favor the Japanese yen. However, the pair is overstretched and selling might be taking place with reversal in positions. From Toyota to other companies many had an affect on the rate. Large part of it is going to impact the coming quarter as the first one ends this month.
With the fall of the Bitcoin by more than 10% on Monday, February 22 and below 50,000 the volatility has been wild in couple of days. On the other hand, GBP/USD kept making new highs of 3-year high above 1.40 and up. The British pound outperformed certain currencies lately, and seems to be among strongest in G10 currencies. The cryptocurrency reached the highest of 57,533 on February 22nd with a fast velocity of movement.
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