The USDCAD pair on Friday saw a sharp upside price action for the majority of the day supported by weak crude oil price in the broad market. However, in the late North American market hours, the 10-year government bond yields declined resulting in US Dollar suffering a sharp sell-off in the global market. This was visible in Dollar index which declined from intra-day highs. Further, Crude oil price rebounded from intra-day lows and saw consolidative price action which caused the pair to decline from intra-day highs albeit closing on a positive note for the day. The pair resumed positive price action when the trading ... (full story)