USD/CAD: Near Term sure to Produce Volatile Forex Fireworks

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USD/CAD: Near Term sure to Produce Volatile Forex Fireworks
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The USDCAD is trading near the 137575 mark as of this writing. forex forextrade forextrading

The USD/CAD began the early morning lower near the 1.37225 ratio, this after seeing a low of around 1.36510 early on Tuesday. The incremental climb upwards likely isn’t surprising speculators, who also saw the USD/CAD challenge the 1.39760 mark last Thursday.is a global concern and today CPI statistics will be published in Canada.

It should also be remembered that next Wednesday the Bank of Canada will release their Monetary Policy Report, along with the Overnight Rate.

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