The Canadian Dollar has rallied on expectations that harsh U.S. tariffs will be avoided, but this hope might be misplaced, say analysts.
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The Pound can extend a short-term recovery against the Canadian Dollar in the coming days.
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A firming Canadian Dollar proves tariff fears are losing their grip on global foreign exchange markets.
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Last week's strength in the Canadian Dollar can be described as a relief rebound, but the move is reaching its limits.
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The Canadian Dollar strengthened into the weekend, helped by an above-consensus Canadian labour market report.
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The Canadian Dollar has recovered from its weakest level since 2003, but the recovery is drawing question marks from some analysts.
Read more … →Pound Sterling will err to the upside against the Canadian Dollar.
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