Canadian Dollar falling back as markets pivot out of Loonie

The Canadian Dollar is seeing pullback as investors seek Greenback pastures. Canada Trade Balance improves but fails to inspire CAD bidding. Broad-market risk sentiment is wobbling, sending safe havens higher. A large miss for Chinese trade data coupled with hawkish statements from Federal Reserve officials are jointly hampering risk appetite. Canada trade balance figures improved over previous figures, Exports and Imports both printed slight gains for September.

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.

Source: News Formal (newsformal.com)

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dollar rebounds on hawkish Fed speak; Aussie dollar slumpsDollar rebounds on hawkish Fed speak; Aussie dollar slumps
Source: Investingcom - 🏆 450. / 53 Read more »

Canadian Dollar sees a slow bleed, Ivey PMI misses forecastThe Canadian Dollar (CAD) is giving back some of Friday’s gains after kicking off the trading week with a minor downstep into 1.3629 against the US Dollar (USD), and the Loonie heads into a data-light trading week.
Source: FXStreetNews - 🏆 14. / 72 Read more »

USD/CAD to converge towards 1.42 in the coming monthsThe Canadian Dollar has been treading water since last July.
Source: FXStreetNews - 🏆 14. / 72 Read more »

The Million-Dollar Cybersecurity QuestionJay Chaudhry is the CEO, Chairman and Founder of Zscaler, a leading global cloud security provider. Learn more at zscaler.com. Read Jay Chaudhry's full executive profile here.
Source: ForbesTech - 🏆 318. / 59 Read more »

US Dollar stops the bleeding as eyes flock to PowellThe US Dollar (USD) traded flat on Monday, and the DXY index stands near 105.05, cushioned by a sour market mood and rising US bond yields.
Source: FXStreetNews - 🏆 14. / 72 Read more »

US Dollar Setups: EUR/USD, GBP/USD and AUD/USD Muted as Bullish Momentum WanesThis piece employs a technical approach to analyze EUR/USD, GBP/USD, and AUD/USD, with an emphasis on significant price levels that may act as support or resistance in the upcoming trading sessions.
Source: DailyFX - 🏆 305. / 63 Read more »