Or it could have to due with the CAD losing value, i laughed. CAD is down compared to all majors!
Could USD/CAD stage a surprise comeback?
At the time of this writing, the US dollar was still down against most major currencies. The greenback fell on the back of an earlier report from Bloomberg – citing people familiar with the matter – that China is considering reducing or halting its purchase of US government debt. While the dollar has fallen against most currencies, it has still outperformed the British pound and the Canadian dollar. The USD/CAD actually managed to close higher both on Monday and Tuesday, and as mentioned, is higher again today. It has made back the losses suffered on the back of Friday’s stronger Canadian jobs data and weaker US employment figures. What’s ... (full story)
- Posted: Jan 10, 2018 2:07pm
- Submitted by:Category: Technical AnalysisComments: 4 / Views: 1,632