The Canadian Dollar was flying on Friday, propelled by better-than-expected employment data which came as a surprise to a market unanimously prepared for worse data.
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Currency strategists from some of the world’s leading banks give their views below on what 2018 might bring for the Canadian Dollar, otherwise known as the Loonie.
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The Canadian Dollar sold off Friday after worse-than-expected GDP data for October poured cold water over earlier hopes of another interest rate rise in the near future.
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Canadian inflation and retail sales both beat expectations resoundingly on Thursday, sending the Canadian Dollar surging higher.
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The CAD is no longer influenced by oil prices in the way it once was, neither is the NOK. Why has the relationship between “black gold” and foreign exchange rates changed?
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The Australian Dollar may rise if the RBA gives the economy a thumbs up at its latest meeting while, for Sterling, the charts are already waving red flags.
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