USD/CAD under pressure as Canada PMI improves, US data disappoints
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USD/CAD is kept on the defensive about 1,3700 as tariff fears resurface - World Stock Market
The USD/CAD quotes in negative territory around 1,3715 in the early Asian session on Tuesday. The manufacturing PMI ISM of the US of May fell to 48.5 in May, below expected. The prices of crude oil rose after the report that the OPEC+ maintained unchanged production increases, supporting the CAD linked to raw materials. The USD/CAD pair remains defensive about 1,3715 during the early Asian session on Tuesday. The American dollar index (DXY) soft…
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