The Canadian Dollar (CAD) found higher ground on Monday, clipping one-half of one percent above the Greenback as investors find firmer footing after the Federal Reserve (Fed) trimmed rate cuts for the first time in over four years last week.
The Canadian Dollar rose around half of a percent against the Greenback. Canada reports still disappointing housing price figures, but CAD rises anyway. Post-Fed rate cut landscape sees the Greenback broadly softer. The Canadian Dollar found higher ground on Monday, clipping one-half of one percent above the Greenback as investors find firmer footing after the Federal Reserve trimmed rate cuts for the first time in over four years last week.
Other factors include market sentiment – whether investors are taking on more risky assets or seeking safe-havens – with risk-on being CAD-positive. As its largest trading partner, the health of the US economy is also a key factor influencing the Canadian Dollar. How do the decisions of the Bank of Canada impact the Canadian Dollar? The Bank of Canada has a significant influence on the Canadian Dollar by setting the level of interest rates that banks can lend to one another.
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Dollar Tree, Dollar General Charging Hidden Cash-Back FeesDana Schulz is an experienced editor, writer, and content strategist who is just as likely to be crunching the latest housing market data as she is to be sharing all the best new kitchen gadgets at Target. She has written about real estate, apartment living, home decor, and history for more than 14 years.
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