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Can the Loonie Hold Against the US Pressures?
The US dollar rallied fairly significantly during the trading session on Thursday, but you can see we are giving back a little bit at the end of the session. So, I think what this tells me is that we are just essentially just kind of going back and forth. We do favor buying the US dollar on dips though. I think the market continues to look at this situation as such because quite frankly, the Canadian Parliament is not in any shape to negotiate with Donald Trump, and that is one of the big issues at the moment.So, with that being said, I think you have to recognize that this is a market that will continue to be ... (full story)
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- Posted: Jan 17, 2025 5:45am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 6,040
