The Canadian dollar has turned around after the huge gains, reacting negatively to bad news and ignoring good news. What’s next? Here is their view, courtesy of eFXnews: CIBC FX Strategy Research notes that the GDP growth in the US and Canada is always highly correlated so when they diverge, FX moves often help to [...]
The post USD/CAD: BoC To Be Cautious In Letting CAD Appreciate Further; Where To Target? – CIBC appeared first on Forex Crunch.
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