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Canadian Dollar Outlook: USD/CAD Rebound May Continue Ahead of BoC

Canadian Dollar Outlook: USD/CAD Rebound May Continue Ahead of BoC
2021-01-18 07:30:00
Daniel Moss,
Analyst
Canadian Dollar, USD/CAD, Coronavirus Restrictions, Bank of Canada, IGCS – Talking Points:
Risk appetite notably faded to kick-off a fresh week of trade as attention shifts to President-elect Biden’s upcoming inauguration.
Deteriorating health outcomes and economic data may weigh on the Canadian Dollar ahead of the Bank of Canada’s upcoming rate decision.
A Double Bottom reversal pattern hints at further upside for USD/CAD in the short-term.
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Asia-Pacific Recap
Risk appetite notably faded during Asia-Pacific trade as investors look towards President-elect Joe Biden’s inauguration on January 20. Australia’s ASX 200 fell 0.78% and Japan’s Nikkei 225 slid 0.97%, as local health authorities reported a record number of coronav ....

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The countries where Covid-19 is spreading the fastest

The countries where Covid-19 is spreading the fastest
Newshub
21/12/2020
Dan Satherley
© Video - Jacinda Ardern / Facebook; Images - Reuters
Related video: The Prime Minister shared a message thanking border workers who are spending the holiday season working at MIQ facilities.
The COVID-19 virus is now spreading faster in Sweden than in the United States and UK.
The Scandinavian nation took a different approach to most countries, deciding against lockdowns and opting for voluntary guidelines rather than rules. While the virus spread was slowed during the northern hemisphere summer, winter s second wave has hit Sweden hard - with several thousand new cases a day. ....

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Coronavirus: The countries where COVID-19 is spreading the fastest

The rolling seven-day average of new cases has risen to 665 per million people, narrowly surpassing the United States rate of 651.
The UK has recorded 403 new cases per million in the past week, but it s rising fast - the line almost vertical on Our World in Data s interactive graph. The latest single-day figure is 540 new cases per million. A new strain of the virus has been found in the south of the country, which experts suggest could be more infectious than previous strains.
New Zealand s rate is presently 0.74 cases per million, all of them at the border.
Sweden s chief epidemiologist, Anders Tegnell. ....

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