Canadian dollar climbs to 2-week high as China eases COVID curbs

The Canadian dollar strengthened for a third straight day against its U.S. counterpart on Tuesday as the easing of COVID-19 restrictions in China bolstered investor sentiment. Global shares were higher and the price of oil, one of Canada's major exports, rose following China's decision to ease some quarantine requirements for international arrivals, a move that raised hopes for stronger growth and a revival in demand for commodities. U.S. crude prices advanced 1.3% to $110.98 a barrel, while the Canadian dollar was trading 0.3% higher at 1.2844 to the greenback, or 77.86 U.S. cents.

EUR/USD Price Forecast: A Return to $1.060 to Bring $1.070 into Play

This morning, the EUR briefly hit $1.06 levels before easing back. A move back through to $1.060 levels would give the bulls a look at $1.07.

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  GBP/USD Price Forecast – The British Pound Gives Up Early Gains

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  GBP/USD Price Forecast: A Move to $1.232 to Bring $1.24 into View

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GBP/USD Price Forecast: A Move to $1.232 to Bring $1.24 into View

The Pound found early support today off the back of a pickup in market risk appetite. Avoiding sub-$1.2280 would support a bullish session.

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  GBP/USD Price Forecast – The British Pound Gives Up Early Gains

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  EUR/USD Price Forecast: Bulls Eye $1.065 as Indicators Turn Bullish

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