Canadian Dollar taps new twelve-month low as markets pivot to Greenback in run up to Fed

Share:

• Canadian Dollar falls back as broader markets turn into the US Dollar.
• Canada GDP flattens as economy lags, odds of future rate cuts beginning to rise.
• Fed’s Wednesday rate call has markets twisting, USD is Tuesday’s best performer.

The Canadian Dollar (CAD) has seen a quick end to its almost-rally on Monday, getting pushed back down and tipping into a fresh twelve-and-a-half-month low against the US Dollar (USD).