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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The Canadian Dollar could be propelled higher this week as growth and inflation data hit the market, while Brexit politics dominates the Pound. The charts are mixed.
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Just a week after jilting the CAD with a dovish interest rate statement, Governor Poloz is turning hawkish once more - and is outright bullish on the economy.
Read more … →Canada's economy appears over its recent blip although the BoC remains cautious and strategist opinions on the Loonie are mixed.
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