Canadian Dollar to Follow Crude Oil Higher? Watch for Break Above This Key Barrier

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Canadian Dollar to Follow Crude Oil Higher? Watch for Break Above This Key Barrier
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Forex Analysis by Investing.com (Damian Nowiszewski) covering: USD/CAD, US Dollar Index Futures, Crude Oil WTI Futures. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com

Buyers have been consistently testing this level in recent weeks, indicating potential upward pressure.

The survey indicates a decrease in the percentage of businesses anticipating a recession and an increase in those expecting sales to improve. However, fewer companies are planning to increase spending on new equipment this year. This Friday, investors will closely watch US labor market data. If the readings align with forecasts, it will signal stability, particularly regarding the

Now, InvestingPro users can do just the same from the comfort of their own homes with our new flagship AI-powered stock-picking tool: ProPicks.

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