The Loonie’s Rally Just Sped Up. Is That the Data, or Something More?

The Canadian dollar's rally has accelerated sharply this week without help from oil, built instead on blowout GDP and jobs data — but whether this reflects genuine repositioning for a Bank of Canada hike or just a weak US Dollar remains unconfirmed.
The post The Loonie’s Rally Just Sped Up. Is That the Data, or Something More? appeared first on ActionForex.

The Canadian dollar’s rally has accelerated sharply this week without help from oil, built instead on blowout GDP and jobs data — but whether this reflects genuine repositioning for a Bank of Canada hike or just a weak US Dollar remains unconfirmed.

The post The Loonie’s Rally Just Sped Up. Is That the Data, or Something More? appeared first on ActionForex.

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