The USD/CAD pair trades cautiously near Thursday’s low around 1.3835 during the European trading session on Friday. The Loonie pair retraces from its recent highs of 1.3890 as the US Dollar (USD) faces selling pressure amid growing United States (US) stagflation risks.
Bitcoin (BTC) price trades above $115,000 at the time of writing on Friday, having recovered nearly 4% and closed above key resistance so far this week. Ethereum (ETH) and Ripple (XRP) also followed BTC’s footsteps, rebounding almost 5% and 6%, respectively.
The Australian Dollar (AUD) advances against the US Dollar (USD) on Friday, extending its gains for the third successive session.