The Canadian dollar (CAD) is winning a little support in the middle of the general decline of the USD towards the end of the week, but the profits are still properly measured, says Shaun Osborne, head of FX of FX of Scotiabank.
The body wins modestly
“Canada is clearly not out of the tariff hook, and next week it is likely that the Canada Bank cuts the fees while the Fed remains on the sidelines, reinforcing the differential performance differential Fallen a little, after the comments of President Trump in Davos/Wef yesterday, and the prices of raw materials in general have established themselves during the last week after a solid start of the year. “
“Normally, the improvement in raw material prices/The terms of exchange of Canada so far in January would be at least a slight positive for CAD. The negative technical signals of the USD are beginning to accumulate. The USD has fallen Below the trend support from the minimum of September this week and continues to sculpt what could be a wide bearish ceiling in the daily chart. “
“A low weekly closure – probable, at this point – puts a reversal of the Outdo Days could see the losses extend to 1.40/1.41. “
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
