XAU/USD4,699.34+0.28% BTC/USD77,811-0.76% ETH/USD2,321-0.29% SOL/USD186.34+0.43% EUR/USD1.0934+0.12% GBP/USD1.2641-0.08% USD/JPY153.42+0.22% AVAX/USD9.44+0.35% WTI78.21+1.04% DXY104.18-0.14% SPX5,812+0.31% NDX20,341+0.48% XAU/USD4,699.34+0.28% BTC/USD77,811-0.76% ETH/USD2,321-0.29% SOL/USD186.34+0.43% EUR/USD1.0934+0.12% GBP/USD1.2641-0.08% USD/JPY153.42+0.22% AVAX/USD9.44+0.35% WTI78.21+1.04% DXY104.18-0.14% SPX5,812+0.31% NDX20,341+0.48%

FOREX 5H AGO Source: ExchangeRates

Canadian Dollar Forecast: Scotiabank Warns USD/CAD Rally Looks Overextended

The US Dollar to Canadian Dollar (USD/CAD) exchange rate has surged to 1.4240, extending a powerful rally that has carried the pair almost 5% higher since the start of May. Scotiabank notes that the Canadian Dollar has endured a near relentless decline, losing ground against the US Dollar on around 80% of trading days since peaking near.

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