It's feast or famine for the Canadian dollar. It's on a seven-day losing streak at the moment, running to 1.3750 from 1.3480 in that time. Incredibly, the seven-day losing streak is only the worst since July, when it sold for nine straight days, though the magnitude of this move is larger.If you look over the past few months, there have been a series of large one-way moves in both directions.The market has been grappling with the relative underperformance of the Canadian economy relative to the US and inflation falling faster in Canada. Canadian CPI is at 2.0% y/y and the Bank of Canada is hinting at a faster pace of cuts. Yesterday, RBC (Canada's biggest bank) forecast that the BOC will cut
Hence then, the article about the canadian dollar continues to get battered was published today ( ) and is available onforex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( The Canadian dollar continues to get battered )