XE Market Analysis: Canadian Dollar and British Pound Under Pressure

OVERVIEW

  • USD rises to intraday highs following a strong manufacturing survey and weekend comments from Yellen.
  • CAD is under pressure as the 2-year Canadian government bond yield slipped below that of its US counterpart.
  • GBP fell around 0.5 cent on reports of possible breakdown in Brexit negotiations.
  • EUR recovering from its session lows after Austria elected a conservative/right-wing coalition.
  • Oil prices rise as Iraqi army retake control of Kurdish controlled territory. 

HIGHLIGHT