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Canadian economy in the red, German ZEW on the rise

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 15, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Forex News and Events Canadian dollar under pressure (by Arnaud Masset) The Canadian dollar has been the biggest loser against the US dollar; over the month of December the loonie fell 2.43% against the greenback. USD/CAD spiked to 1.3781, the highest level since June 2004. We expect the loonie to remain under selling pressure against the backdrop of falling crude oil prices and an upcoming rate hike by the Federal Reserve. Moreover, Canada’s new Prime Minister, Justin Trudeau, has promised to

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