Oct 30, 2015
Canada GDP preview: What to expect of USD/CAD?
The Canadian dollar extends its bullish momentum versus its American counterpart into a third-day on Friday, pushing USD/CAD closer towards post FOMC lows struck below 0.31 handle. Heading into the Canadian GDP report, the loonie remains bid on the back of a minor rebound in oil prices while a broadly lower US dollar also continues to weigh on the USD/CAD pair. Canada’s GDP data for August will be published at 12.30GMT.
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