News Formal

Canadian Dollar buoyed by market flows on Wednesday

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 25 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 72%

USDCAD News

SEO,Fed

The Canadian Dollar (CAD) was bolstered into the high end on Wednesday as risk sentiment improved across the FX market.

The Canadian Dollar rose against key counterparts in the middle of the week. CAD climb comes despite pullback in Canadian Ivey PMIs. Canadian labor figures loom over the horizon on Friday. The Canadian Dollar was bolstered into the high end on Wednesday as risk sentiment improved across the FX market. The CAD climbed against the Japanese Yen and the Swiss Franc as the two currencies battle for last place during the midweek market session.

Other factors include market sentiment – whether investors are taking on more risky assets or seeking safe-havens – with risk-on being CAD-positive. As its largest trading partner, the health of the US economy is also a key factor influencing the Canadian Dollar. How do the decisions of the Bank of Canada impact the Canadian Dollar? The Bank of Canada has a significant influence on the Canadian Dollar by setting the level of interest rates that banks can lend to one another.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Canadian Dollar mixed on Tuesday as CAD follows the marketThe Canadian Dollar (CAD) gave a mixed performance on Tuesday, rising and falling mostly in step with the broader FX market.
Source: FXStreetNews - 🏆 14. / 72 Read more »