Hello,
Im wondering how does the CAD export rising/deacrising has to the price of USD/CAD. USA is Canada's neighbour so they have to be Canada's important trade partner... Now lets say we have a statement that Canada's trade balance is growing / export is growing, so this means that big part of goods will be exported to USA. Now I assume that in this case there wuold be an interest in exchanging USD to CAD = buying USD/CAD. Am I wrong?
Thank you
Im wondering how does the CAD export rising/deacrising has to the price of USD/CAD. USA is Canada's neighbour so they have to be Canada's important trade partner... Now lets say we have a statement that Canada's trade balance is growing / export is growing, so this means that big part of goods will be exported to USA. Now I assume that in this case there wuold be an interest in exchanging USD to CAD = buying USD/CAD. Am I wrong?
Thank you