USDCAD AUD/USD faces a tough climb. The pair must clear its 2025 peak of 0.6590 before eyeing the November 2024 high of 0.6687 (November 7) and the psychologically potent 0.7000 mark.
USDCAD The Australian Dollar trims its daily losses against the US Dollar on Monday. Traders are awaiting fresh impetus on trade deals between the United States and China. China could finalize a long-term tariff agreement with the US ahead of the August 12 deadline.
USDCAD USD/CAD attempts to retrace its recent losses from the previous session, trading around 1.3730 during the early European hours on Monday. The pair appreciates as the Canadian Dollar struggles amid ongoing trade tensions. Traders are likely observing the release of the Bank of Canada (BoC) Business Outlook Survey.