Thabang325
Member
As North American traders enter for the day, and the sentiment in pre-market for stocks reverses some of the gains from yesterday, the JPY is the strongest and the CAD is the weakest. The USD is mostly weaker with the greenback down vs the EUR, GBP, JPY, CHF and NZD. and higher vs the CAD and AUD. The CAD weakness continued after a corrective move after the run lower on the BOC decision yesterday, ran it's course. The price of the USDCAD bounced off its 200 day MA which helped the bearish case for the loonie. The JPY and CHF seem to gathering safe haven bids after the continued move higher in coronavirus cases and with it fear.
