USD/CAD holds well higher than one.3300 handle part 2
This plus a report that the ecu Union can halt imports of Canadian cherries and different recent fruits beginning Sept. one amid new import necessities associated with pests any weighed on the Canadian dollar and remained confirmatory of the pair's bid tone.
Meanwhile, a subdued action around fossil oil costs did very little to influence demand for the commodity-linked currency - Loonie, or offer any significant impetus earlier than the Fed Chair saint Powell's regular speech at Jackson Hole conference later this Fri.
Given that another rate cut within the Sept meeting is absolutely priced in, Powell's comments are closely scrutinized to search out out if the financial organization is ready to slash rates any and can play a key role in determinant the pair's next leg of a directional move.
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