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Canadian dollar dips on mixed data - MarketPulse

Canadian dollar dips on mixed data
January 18, 2021SharePrint
The Canadian dollar is down slightly in the Monday session. Currently, USD/CAD is trading at 1.2759, up 0.22% on the day.
Short squeeze boosts US dollar
The week ended on a high note for the US dollar, which recorded broad gains. USD/CAD is in positive territory again on Monday, and the pair touched a high of 1.2799 earlier in the day, good enough for a 1-week high. The US dollar has regained its form in the New Year after a dreadful 2020. The slide of the dollar has resulted in so many short positions that the dollar’s rebound has triggered a short dollar squeeze, which has given the dollar some momentum, as we saw on Friday. ....

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Canadian dollar starts week with slide - MarketPulse

Canadian dollar starts week with slide
January 11, 2021SharePrint
The Canadian dollar is deep in red territory in the Monday session. Currently, USD/CAD is trading at 1.2767, up 0.63% on the day. On the fundamental front, it’s a quiet start to the week, with no economic data out of the US or Canada. The Bank of Canada released its Business Outlook survey, which is released on a quarterly basis.
US dollar rebounds
The US dollar is showing some newfound strength and this has continued on Monday, with the Canadian dollar down sharply. This is largely a result of higher US Treasury yields, which has resulted in a US dollar short squeeze and pushed the currency to higher levels. The US dollar index continues to move higher and reached a daily high of 90.71. The dollar index is putting pressure on a major resistance line at 91.00; a daily close above that line would likely extend the dollar short squeeze. With US yields continuing to move higher, investors have been in ....

Canada Business Outlook , Business Outlook , Canada Business Outlook Survey , Bank Of Canada Business Outlook Survey , Covid 19 , Us Dollar Short Squeeze , Us Nonfarm Employment Change , Us Yields , Usd Cad Technical Analysis , கனடா வணிக ஔட்‌லுக் , வணிக ஔட்‌லுக் , கனடா வணிக ஔட்‌லுக் கணக்கெடுப்பு , வங்கி ஆஃப் கனடா வணிக ஔட்‌லுக் கணக்கெடுப்பு , எங்களுக்கு டாலர் குறுகிய கசக்கி , அமெரிக்க டாலர் , அமெரிக்க டாலர் கேட் தொழில்நுட்ப பகுப்பாய்வு ,