Loonie: among leaders. Forecast as of 06.02.2024

The Canadian dollar has been among the top three G10 currencies since the beginning of the year, behind only the greenback and the British pound. What is the future of CAD? Let us discuss this topic and make up a trading plan for USDCAD и AUDCAD.

Weekly Canadian dollar fundamental forecast

The strength of the main trading partner in the south, the active growth of stock indices, the recovery in oil prices, and the improvement of domestic macroeconomic statistics. All the previously listed factors and the fact that the Bank of Canada does not rule out raising the overnight rate allowed the loonie… Read full author’s opinion and review in blog of #LiteFinance