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The Canadian dollar gained 0.47% vs. the greenback in the week, which was soft throughout the whole week. The US Dollar Index reclaimed the 103.000 mark but ended the week with losses of 1.38%. USD/CAD Price Forecast: A daily close above the 20-DMA could pave the way for a move towards 1.3000. The USD/CAD is seesawing during the North American session and is recording minimal gains of 0.
The USD/JPY loses for the second straight week, 1.10%. The greenback remained strong in the session, boosted by a dampened market mood, as US equities reached fresh 52-week lows. USD/JPY Price Forecast: Range-bound lacking a catalyst that can rock the boat. The USD/JPY continues sliding for the third straight day, though the downtrend capped at April’s 27 daily low at 126.
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