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Canadian Dollar slightly down against US Dollar on Wednesday after US GDP beats the street

From fxstreet.com

The Canadian Dollar (CAD) mixed against the other major currencies on Wednesday and drifted into the midrange against the US Dollar (USD). The Loonie climbed nearly a third of a percent against the US Dollar on Wednesday before paring back into the day's opening bids and sliding back a further two-tenths of a percent. Canada’s trade balance rebounded in the third quarter but still missed expectations with the Canadian Current Account printing a CAD $-3.22 billion decline. The second quarter’s print was revised even lower to $-7.32 billion. Canadian Current Account was expected to post a billion CAD gain but shrunk by ... (full story)

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  • Category: Technical Analysis