The Canadian Dollar (CAD) broadly softened on Monday as markets got the new trading week underway.
The Canadian Dollar broadly weakened on Monday as markets look elsewhere. Canada caught in a trap of low expectations feeding even lower expectations. Canadian CPI inflation due on Tuesday, could help or hinder CAD. The Canadian Dollar broadly softened on Monday as markets got the new trading week underway. CAD flows fully reversed direction in a follow-through of last Friday’s pullback, sending the Canadian Dollar to an eight-trading-day low against the Greenback.
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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