CANADIAN DOLLAR SLIPS TO 2-YEAR LOW AS MARKETS DROP THE LOONIE FURTHER... Wulan Viana から-フォローミートレーディングコミュニティ

14 Nov 2024, 14:30 · Views 169

The Canadian Dollar stumbled into a fresh 25-month low against the Greenback.
Canada is thinly-represented on the economic calendar this week and next.
A lack of meaningful Canadian data and a surging US Dollar keep the Loonie pinned.

The Canadian Dollar (CAD) continued to shed weight against the Greenback, testing a fresh 25-month low against the globally-dominant US Dollar as Loonie traders continue to lose interest in the CAD. The economic calendar remains suppressively thin on the Canadian side, and a broad-market rally underpinning the Greenback has bolstered the USD/CAD pair into multi-year highs and inching toward 1.4000.

With Canada mostly absent from the economic data docket this week, Loonie traders will be forced to the sidelines as Greenback flows take over market momentum. Canadian Consumer Price Index (CPI) inflation figures are on the docket for next week, but not until Tuesday.

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