Canadian dollar steadies near 2-month low as Omicron risk weighs

The Canadian dollar strengthened slightly against the greenback on Thursday but held near its lowest level in over two months, as investors assessed the global economic impact of the Omicron coronavirus variant and looked ahead to domestic data. The Canadian dollar was trading 0.1% higher at 1.2807 to the greenback, or 78.08 U.S. cents, after touching intraday 1.2837, which was the 10-week low it hit on Tuesday. "We've got ongoing uncertainty from the Omicron scare, uncertainty related to U.S. politics heating up as we get close to deadlines on all kinds of stuff," said Greg Anderson, global head of foreign exchange strategy at BMO Capital Markets.

USD/CAD Daily Forecast – Test Of Resistance At 1.2825

USD/CAD failed to settle below 1.2780 and rebounded towards the resistance level at 1.2825.

• 
  USD/CAD Daily Forecast – Canadian Dollar Gains Ground As WTI Oil Rebounds

  FX Empire
• 
  GBP/USD Daily Forecast – U.S. Dollar Pulls Back After Yesterday’s Rally

  FX Empire

EUR/USD Mid-Session Technical Analysis for December 2, 2021

The direction of the EUR/USD into the close on Thursday is likely to be determined by trader reaction to 1.1291.

• 
  Gold Price Forecast – Gold Markets Hanging Onto Trendline

  FX Empire
• 
  EUR/USD Price Forecast – Euro Awaits Friday Jobs Report

  FX Empire