USD/CAD Stays Afloat Amid Weak Canadian Growth, Crude Oil Pullback

Discussion in 'Technical Analysis' started by Kaitlin, Jun 1, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Canadian GDP data for March was released on Tuesday, revealing a second consecutive month of economic contraction at -0.2%, further disappointing prior expectations of -0.1%. The previous month of February had shown a smaller contraction at -0.1%. The resulting pressure on the Canadian dollar on Tuesday was exacerbated by a[​IMG]

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