Bank of Canada struggling with inflation target

Discussion in 'Fundamental Analysis' started by ForexLive, Feb 1, 2016.

  1. ForexLive

    ForexLive Forum Member

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    USD/CAD up 33 pips to 1.4011 USD/CAD rose as high as 1.4062 at the start of North American trading but it's slipped back. There's chatter about a large selling order from a leveraged fund that's pulling the pair down. Normally, you would expect more USD/CAD strength given the oil drop but it might only be a matter of time.

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