Loonie is back in the game. Forecast as of 27.06.2023

Despite falling oil prices and the BoC's modest overnight rate ceiling, Loonie lures investors back. What supports the USDCAD bears? Why do the doubts of Ottawa and Canberra lead to different market reactions? Let's talk about these topics and draw up a trading plan.

Weekly Canadian dollar fundamental forecast

The Canadian dollar is back among the top G10 currencies, gaining 3.5% over the past month against the US dollar. Loonie’s rally comes at the end of the BoC tightening cycle and amid falling oil prices, which looks unnatural, to say the least. As a rule, the currencies of oil-exporting countries weaken… Read full author’s opinion and review in blog of #LiteFinance