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Now the dots are connected on the big Canadian dollar drop today

Now the dots are connected on the big Canadian dollar drop today

Today's Canadian dollar's decline was ultra-curious given:

  1. Canadian GDP today was strong at 2.9% vs 1.5% expected
  2. Oil is higher today
  3. AUD and NZD are each up 0.5% today
  4. Stocks are only down modestly (and were flat when the loonie was dumping)

I highlighted that it was curious as it kicked off and probably flow-drive... Read More

Posted: Nov 29 2022, 20:12
Author Name: forexlive
Views: 110986

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