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USD/CAD Weekly Forecast: What ails the USD/CAD?

From fxstreet.com

USD/CAD loses 4% in the three weeks since BOC bond cut on April 21. WTI little changed on the week but up 4.96% since April 21. USD/CAD has lowest close and trade since May 2015 this week. FXStreet Forecast Poll is optimistic for the USD/CAD in the medium term. The USD/CAD fell to 1.2046 on Wednesday, its lowest trade in six years as the loonie remains the sole major currency that has traded higher throughout the pandemic. Its end for the week at 1.2105 was just points from Monday’s close at 1.2101 which was the best finish for the Canadian dollar since May 15, 2015. On April 21 the Bank of Canada (BOC) reduced its ... (full story)

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  • Category: Fundamental Analysis