- Canadian Dollar flows are resurfacing after Thursday’s nosedive, propped up by a reinvigorated oil bid.
- Canada economic data remains thin until Tuesday’s CPI print.
- US Dollar giving back yesterday’s gains after consumer sentiment miss.
The Canadian Dollar (CAD) is catching a mild recovery on Friday, paring back Thursday’s dip after broad-market risk sentiment soured. Investors dog-piled into the US Dollar (USD) after a US Consumer Price Index (CPI) inflation beat reignited fears of Federal Reserve (Fed) interest rates remaining higher for even longer than markets are currently hoping for.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased