Investing.com - The U.S. dollar dropped to a fresh 27-month low against its Canadian counterpart on Thursday, after the release of downbeat U.S. data fueled concerns over the outlook for the economy and even as data in Canada was equally weak.
USD/CAD Ever since the USDCAD dropped below 1.2440 mark, it never went up and has been trading in the small range between the 1.2360 and the 1.2425. However, today’s monetary policy announcement by the Bank of Canada might offer noticeable moves of the pair. Considering strong Canadian fundamentals, chances of either a rate-hike or a … Continue reading Technical Update For USD/CAD, EUR/CAD, AUD/CAD & CAD/CHF: 06.09.2017
The Euro has remained under pressure the past two day. After attaining new highs, the Euro has lost value against the U.S Dollar rapidly and may continue to face headwinds the next two days as technical traders take advantage of its short-term range. Range Proving Rough for Euro Traders The Euro has taken traders on … Continue reading Euro Roller Coaster Ride Scaring Traders