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USD/CAD falls below 1.3500 for first time since early March

1 month ago   |   By FXCM

USD/CAD struggles to shake off the bearish pressure on Tuesday.
The risk-on market environment continues to weigh on the greenback.
Rising crude oil prices boost demand for commodity-sensitive loonie.
After testing 1.3500 during the early hours of the European session, the USD/CAD staged a rebound and recovered to 1.3550 before coming under renewed bearish pressure in the last hour. As of writing, the pair was trading at its lowest level since March 9th at 1.3495, losing 0.55% on a daily basis.
The strong risk appetite on Tuesday continues to weigh on the greenback. The US Dollar Index...
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