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USD/CAD Loonie Higher As US Inflation Fail to Spur USD Gains

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 18, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    USD/CAD Loonie Higher As US Inflation Fail to Spur USD Gains Canadian Currency Losing Oil Support Ahead of Fed Minutes The CAD recovered after yesterday losses after lower than expected Canadian manufacturing sales were published. After the drop in the price of oil the Canadian economy is looking for other sectors to kickstart growth. The Bank of Canada has pushed forward the idea that a weak currency would boost the manufacturing industry, but after a year and two interest rates cuts,

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