USDCAD Nervous Highs as Critical Data and Volatility Loom
The USD/CAD like most other major currency pairs was demonstrating a sincere amount of bearish over the mid-term until the start of Februaryst
Some financial houses and speculators likely remained skeptical about the ability of the U.S central bank to raise interest rates in a more aggressive fashion until the middle of last week Traders must be braced for certain volatility today if the growth numbers are stronger than expected or weaker. However, if the GDP numbers from the U.S are better than anticipated today, this will set the table for the U.S. Fed to have more reasons to remain quite hawkish regarding interest rate policy and perhaps raise borrowing rates consistently over the next handful of months.
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