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Home Forex Trading Canadian Dollar Dented by GDP Data, But USD/CAD Near-Term Downtrend Holds

Canadian Dollar Dented by GDP Data, But USD/CAD Near-Term Downtrend Holds

Andrew M Nov 30, 2022 comments off
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The Canadian Dollar fell as a GDP slowdown cooled BoC rate hike bets. Still, USD/CAD’s near-term downtrend remains in play. AUD/USD is eyeing Chinese PMI data.

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Australian Dollar/US Dollar FX Spot Rate, FX Spot Rate, THOMSON REUTERS Canadian Dollar Forex Trading US Dollar/Canadian Dollar FX Spot Rate, FX Spot Rate, THOMSON REUTERS
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