USD/CAD trades higher around 1.3580 during the European session on Tuesday, snapping the two-day losing streak. The pair faced challenges due to the d
ownbeat US Dollar on Monday. However, the improved US Treasury yields might limit the losses of the buck.
Western Texas Intermediate , the US crude oil benchmark, trades higher around $87.30 per barrel at the time of writing. This price level is being supported by the prolonged crude output cuts implemented by Saudi Arabia and Russia, propelling WTI prices to their highest levels since November 2022. , which measures the performance of the US Dollar , trades higher around 104.80. The Greenback is anticipated to remain resilient, supported by the continuous stream of positive economic data from the United States . for August from the US, scheduled for Wednesday. This data release could offer additional insights into the US inflation situation.
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