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USDCAD Canadian Dollar Year Ahead 2016 – Update

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 26, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    CAD To Remain Under Pressure in 2016 with Softer Commodity Prices The Canadian dollar struggled in 2015 and was the worst performer amongst major pairs. The USD advanced 20 percent versus the CAD since the beginning of 2015 driven by the divergence of monetary policies between the two central banks and the drop in commodity prices. As a commodity currency the Loonie suffered downward pressure from the drop in oil prices as the crude supply glut drove prices to multi year lows coupled with the

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