Canadian Dollar Forecast: Loonie Ready for Takeoff - Levels for CAD/JPY, USD/CAD Rates
Canadian Dollar Forecast: Loonie Ready for Takeoff - Levels for CAD/JPY, USD/CAD Rates Advertisement Rising risk appetite is pulling down the Japanese Yen and US Dollar, with traders favoring growth-linked currencies like the Canadian Dollar. USD/CAD rates are heading back towards their yearly low, while CAD/JPY rates are still hovering below resistance that is constraining a breakout. According to the IG Client Sentiment Index, USD/CAD rates no longer have a bullish bias. Canadian Dollar Rally Resuming? Rising risk appetite is boosting higher yielding and riskier assets ...
Source: dailyfx.com