The Canadian Dollar (CAD) is tepid to kick off a new trading week, circling familiar lows against the Greenback as the USD/CAD chart settles into a congestion pattern.
The Canadian Dollar went nowhere fast, straining against familiar lows. Canada is thinly-represented on the economic calendar this week. Key US CPI inflation data this week will dominate market flows. The Canadian Dollar is tepid to kick off a new trading week, circling familiar lows against the Greenback as the USD/CAD chart settles into a congestion pattern.
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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