Canadian Dollar Forecast: Loonie's Wings Clipped? Levels for CAD/JPY, USD/CAD
Canadian Dollar Forecast: Loonie's Wings Clipped? Levels for CAD/JPY, USD/CAD Advertisement The Canadian Dollar has struggled to recapture bullish momentum as FX markets continue to rebalance US Dollar positioning. USD/CAD rates set a fresh yearly low last week but have since returned to their yearly open. CAD/JPY rates, on the other hand, have only stumbled near critical longer-term resistance. Canadian Dollar Trying to Find Footing Risk appetite is on the rise in 2021, at least if you look at bonds and stocks. Shifts in US Treasury yields in particular have provoked rebalancing in US Dollar...
Source: dailyfx.com