USD/CAD trades at 1.3970 as a softer US Dollar and falling Treasury yields weigh on the pair, while rising oil prices provide additional downward pressure.
USD/CAD is trading around 1.3970 during Asian hours on Wednesday, depreciating after two days of gains. The move is attributed to a weaker US Dollar, falling Treasury yields across the curve and rising oil weighing on the pair.
A weaker US Dollar, falling Treasury yields across the curve and rising oil are weighing on the pair, which traded around 1.3970 during Asian hours on Wednesday.
It is depreciating after two days of gains and was around 1.3970; no percentage change is given.
Treasury yields are described as falling across the curve on Wednesday, a move tied to US Dollar weakness and USD/CAD depreciation. For the 10-year benchmark yield, that points to lower yields, though no specific tenor or yield level is reported.
Yields are described as falling across the curve, but no specific tenor or yield level is cited.
The yield decline is linked to US Dollar weakness, which is weighing on USD/CAD.
The USD/CAD pair retreated to 1.3970 during Wednesday's Asian trading session, snapping a two-day winning streak. The decline follows a broader weakening of the US Dollar, supported by a decline in Treasury yields across the curve and strengthening oil prices.
The pair is falling due to a combination of a weaker US Dollar, declining Treasury yields across the curve, and rising oil prices.
The pair was trading around 1.3970 during the Asian session on Wednesday.