The Canadian dollar (CAD) is a very moderate loser per day, just less than 0.1 %. CAD continues to track the broader trend in the US dollar, and it is likely to continue to do so at the present time, Sean Osborne, the chief FX strategy in ScotiaBank.
CAD is deliberately traded
“Retail sales data today may add positive momentum to CAD; sales are expected to increase by 1.6 % in December (according to Statcan), but most attention is likely to decrease BOC Ruler McClem’s speech on “commercial friction, structural change and monetary policy” (12.30ET), which will give a little more look at how the bank framing politics Expectations Amid increasing commercial tensions. There will be a session of questions and answers after his comments and the availability of the media after the event. “
“The markets have tested many risks that reduce in the short term that have evolved in the first threat of the tariff in February, and the expected first bares to June. Caution remained stress and uncertainty about expectations. feeding. The widespread/wide policy is still a cloud on CAD’s ability to improve significantly. “
“The spot was more hidden than I expected yesterday, as it reached a region of 1.4170, but the US dollar still merges about 1.42 points mainly. Support can be improved to 1.4145/50 (100 days. ).
2025-02-21 12:54:27