The Canadian Dollar (CAD) continued to shed weight against the Greenback, testing a fresh 25-month low against the globally-dominant US Dollar as Loonie traders continue to lose interest in the CAD.
The Canadian Dollar stumbled into a fresh 25-month low against the Greenback. Canada is thinly-represented on the economic calendar this week and next. A lack of meaningful Canadian data and a surging US Dollar keep the Loonie pinned. The Canadian Dollar continued to shed weight against the Greenback, testing a fresh 25-month low against the globally-dominant US Dollar as Loonie traders continue to lose interest in the CAD.
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.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/CAD bounces back as Canadian Dollar weakens, US elections take center stageThe USD/CAD pair recovers half of its intraday losses after discovering significant buying interest around the key support of 1.3900.
Read more »
USD/CAD climbs above 1.3900 as US Dollar bounces back, Canadian job data faltersThe USD/CAD pair jumps above the key resistance of 1.3900 in Friday’s North American session.
Read more »
USD/CAD: Underlying drivers improve modestlyThe Canadian Dollar (CAD) is little changed on the session.
Read more »
USD/CAD: May see a marginal technical improvementThe Canadian Dollar (CAD) is marginally higher on the day so far.
Read more »
Canadian Dollar sheds weight for eighth straight dayThe Canadian Dollar (CAD) fell against the Greenback for an eighth consecutive trading day as markets pivot out of the Loonie in favor of the US Dollar.
Read more »
EUR/CAD Price Forecast: Two possible scenarios for EUR/CADEUR/CAD has two possible polar-opposite scenarios in which price could play out: 1) The pair is going higher – it has broken out from a consolidation pattern formed since August and is about to rally as it fulfills the price target for the pattern.
Read more »