USD/CAD bears cheer the US Dollar’s retreat from the weekly high amid sluggish Oil prices early Thursday morning in Europe. That said, the Loonie pair drops for the fourth consecutive day to around 1.3145 by the press time, after refreshing the weekly low with the 1.3133 figure. In doing so, the quote consolidates Friday’s stellar rebound from the lowest levels since September 2022. US Dollar Index (DXY) drops 0.25% intraday to retest the 100.00 round figure while snapping a two-day rebound from the lowest level since April 2022. With this, the greenback justifies the previous day’s downbeat US housing data and mixed ... (full story)