Canadian Dollar Outlook: USD/CAD to Push Higher as Risk Appetite Fades 2021-01-29 07:30:00 Daniel Moss, Analyst Canadian Dollar, Bank of Canada, Coronavirus Restrictions, USD/CAD, IGCS – Talking Points: Risk appetite continued to wane during APAC trade, sending equity markets sliding lower. The Canadian Dollar’s recent weakness may prove short-lived as coronavirus cases notably decline. USD/CAD may extend its push to fresh yearly highs after clearing key resistance. Advertisement Asia-Pacific Recap Risk appetite continued to fade during Asia-Pacific trade on the back of tightening liquidity conditions in China, and a surge in overall volatility. Australia’s ASX 200 index slipped 0.64% while Japan’s Nikkei 225 plunged 1.89%, as the nation’s job availability ratio registered its largest drop since 1975.