USDCAD Breaks Lower as Rate Forecasts Shift Out of Fed’s Favor
The US Dollar has taken a hit over the last 48 hours of active trading. For USDCAD, the technical break looks productive; but it is the fundamental backdrop that will fulfill the potential for momentum. While commodity correlations may present some feeder, it is relative rate speculation that is proving more active.
The US Dollar has taken a hit over the last 48 hours of active trading. For USDCAD, the technical break looks productive; but it is the fundamental backdrop that will fulfill the potential for momentum. While commodity correlations may present some feeder, it is relative rate speculation that is proving more active.
