USD/CAD Drifts to Three-Session Low Under 1.2100

USD/CAD Drifts to Three-Session Low Under 1.2100

USD/CAD has drifted to a three-session low under 1.2100, returning focus to Friday’s 28-month low at 1.2062. Action Economics said that they continue to recommend trend following. The Canadian employment report last Friday was supportive of the Bank of Canada’s path to normalize monetary policy. The BoC hike of last Wednesday was the second tightening of the cycle, following the quarter point hike of July, and came earlier that markets […]

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