GBP/CAD is capped by a key technical hurdle and risks a deeper setback if the U.S. Dollar rallies ahead of the U.S. election.
Canadian Dollar a Good Trump Hedge: ING
- Category: CAD
ING says the Canadian Dollar can prove a useful market hedge against a win by Donald Trump in the November 05 presidential election.
The Canadian Dollar's sensitivity to a 'dovish' Bank of Canada is on the wane.
GBP/CAD is capped by a couple of significant technical resistance layers amidst focus on this week's Bank of Canada interest rate cut.