The Canadian Dollar (CAD) heaved on Thursday, tossed around by general market flows as investors reacted to an unexpected surge in US Gross Domestic Product (GDP) figures for the second quarter.
Canadian Dollar tries to keep a lid on Greenback. Canada remains absent from the economic calendar until next week. US GDP jumped on shelter and healthcare spending, crimping rate cut bets. The Canadian Dollar heaved on Thursday, tossed around by general market flows as investors reacted to an unexpected surge in US Gross Domestic Product figures for the second quarter.
USD/CAD hourly chart USD/CAD daily chart Canadian Dollar FAQs What key factors drive the Canadian Dollar? The key factors driving the Canadian Dollar are the level of interest rates set by the Bank of Canada , the price of Oil, Canada’s largest export, the health of its economy, inflation and the Trade Balance, which is the difference between the value of Canada’s exports versus its imports.
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