STOCK MARKETS SINK AS SEPTEMBER GLOOM CONTINUES

Tech stocks take a major hit

CAD/USD (CADUSD=X)

CCY - CCY Delayed Price. Currency in USD

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0.7511-0.0001 (-0.0075%)

As of 7:02AM BST. Market open.

FX Empire
USD/CAD Daily Forecast – U.S. Dollar Rallies Amid Global Market Sell-Off
USD/CAD managed to settle above the 50 EMA and gained strong upside momentum.
FX Empire
Geopolitics Keeps the Pound and the Dollar in Focus, with Lagarde to Test the EUR Later
A quiet day on the economic calendar leaves COVID-19 news and geopolitics in focus. Brexit and any chatter from Beijing and Capitol Hill will need monitoring.
Reuters
Canadian dollar hits six-week low as Wall Street tumbles
The Canadian dollar fell to a near six-week low against its broadly stronger U.S. counterpart on Monday, as oil prices declined more than 4% and rising coronavirus infections weighed on investor sentiment. "The USD has caught a risk-off, safe-haven bid due to the turbulence in the equity markets," said Tony Valente, a senior FX dealer at AscendantFX.