USD/CAD may be prone to more corrective losses

The CAD is one of the better-performing currencies in the session so far against the softer USD. Economists at Scotiabank analyze USD/CAD outlook. USD

The CAD is one of the better-performing currencies in the session so far against the softer USD. Economists at Scotiabank analyzeSpot is trading below trend support that has guided the USD higher consistently since the start of July . Losses below here are the first real sign of technical USD weakness in some time.

The USD rally is looking somewhat overextended and may be prone to more corrective losses in the short run at least. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.

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