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24.05.2019: Traders sell USD, but Monday to bring changes (USD, EUR, CAD)

At the end of this trading week, the greenback returned to the levels of opening on Monday.
Even though the euro attempts to recover, most analysts believe that it will remain in the focus of sellers. Today the single currency had an upward correction as traders fixed their profits on the greenback’s buy deals. After that, the euro/dollar pair consolidated slightly below 1.1200.
Meanwhile, the American statistics continue reflecting an economic slowdown in the country. Today the US durable goods orders report confirmed this dynamic once again and showed a decline to 2.1%, slightly below the forecast.
Perhaps, it was this news that had been keeping investors’ interest away from the US dollar until the end of the trading session. However, experts anticipate the quote to reverse at the beginning of the next week. Currently, the US dollar index is at 97.80.
The American currency slightly softened against the loonie as well. Thus, the USD/CAD pair finishes the week near 1.3440. The Canadian dollar had a correction in spite of the recent collapse on the oil market. Nevertheless, the Bank of Canada’s meeting scheduled for Wednesday next week may push the loonie back to its recent lows.
This is all we have for you today. We wish you to enjoy your weekend and have a nice rest before a new trading week. And we will prepare new material about developments in financial markets and share it with you. Stay well!

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