Usdcad

USD/CAD testing key 1.36 handle

May 16, 2017 5:37 PM
As we had anticipated in our previous USD/CAD report on Monday of last week, the North American currency pair’s rebound was indeed temporary. The US dollar fell on the back of mixed-bag economic data while the surge in oil prices helped to underpin the Canadian dollar. Given that net short positions in the CAD had reached lofty levels, it is likely ...