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USD/CAD falls to the lows of the week as oil prices continue rebound

Today's Canadian GDP data and federal budget stats highlighted an economy that was on a solid footing in Q4 and some of the tailwinds from oil prices. The numbers helped to cap USD/CAD at 1.3700 this week and after several attempts at that level failed, the pair has sagged down to 1.3563, which is the lowest since Dec 14.

My main worry heading into 2023 is housing. The Canadian market is extremely vulnerable to higher rates as more resets kick in and consumers begin to feel the pinch. <... Read More

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Posted: Dec 23 2022, 17:23

Author Name: forexlive

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