USD / CAD rises to new highs in a month above 1.3350

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  • The USD / CAD jumps again in a context of risk aversion.
  • The dollar and the yen soar before a fall in the stock markets.
  • Ahead: US data for growth and jobless claims.

The USD / CAD gained more than 100 pips on Wednesday and is up 40 on Thursday, ahead of the release of US economic data.. Hours ago, the pair corrected to 1.3270, before rebounding strongly. It is trading at 1.3365, the highest level since September 30.

Loonie affected by oil and bags

Stock markets in the world are still vulnerable. Wall Street futures point to a negative open after Wednesday’s major indices fell sharply. In turn, oil also fell significantly for the second day in a row, losing 3.95% a barrel of WTI.

The dollar it is being favored by the climate of risk aversion. In minutes, GDP growth data for the third quarter (expansion is expected at a rate of 31%) and the weekly report of requests for unemployment benefits will be published. The dollar index is trading above 93.70, the highest level since October 19.

Credits: Forex Street

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