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- USD/CAD renews intraday high during three-day rebound from seven-week low.
- US Dollar ignores dovish shift in Fed bets, rises for the second consecutive day amid recession woes.
- WTI crude oil remains pressured as risk aversion intensifies.
- Downbeat Canada trade numbers, geopolitical woes also propel Loonie pair ahead of the key employment statistics.
USD/CAD picks up bids to renew its intraday high near 1.3485 as it pares weekly losses with a three-day uptrend during early Thursday. In doing so, the Loonie pair prepares for the all-important Canada employment data for March amid the US Dollar recovery and downbeat prices of Ontario’s key export, namely WTI crude oil.
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