USD/CAD as it sees a more resilient performance from the Canadian Dollar in the coming months by RBC.
The Canadian Dollar is under pressure against all its G10 rivals amidst a selloff in oil and commodities.
The Pound has once again failed at a key resistance area against the Canadian Dollar, and we predict a pullback in the coming week.
Canadian Dollar: GBP/CAD Strengthens as Job Report Keeps Alive Prospect of 50bp BoC Cut
- Category: CAD
The Canadian Dollar fell following a below-consensus labour market report that keeps alive the prosepct of the Bank of Canada stepping up the pace of its rate cutting cycle with a 50 basis points chop.