Canadian Dollar: Dangerous Hope
- Category: CAD
The Canadian Dollar has rallied on expectations that harsh U.S. tariffs will be avoided, but this hope might be misplaced, say analysts.
The Pound can extend a short-term recovery against the Canadian Dollar in the coming days.
A firming Canadian Dollar proves tariff fears are losing their grip on global foreign exchange markets.
Last week's strength in the Canadian Dollar can be described as a relief rebound, but the move is reaching its limits.