Not sure where to begin with this pair. After Deputy Governor, Tim Lane's comment on Monday sent USDCAD surging above 1.23 level. Also thanks to the Fed for adding more boost to the Dollar. In short, Canada's economy after posting massive GDP that caused a surprise rate hike at the beginning of the month, there is no question that we will continue to see more growth from the Loonie. Crude Oil going higher should also add fuel to the CAD!!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.