News Formal

Canadian Dollar followed market flows on Thursday

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 20 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 72%

USDCAD News

SEO,Employment

The Canadian Dollar (CAD) followed behind overall market flows on Thursday, pushed around by volumes in other, more interesting currencies as CAD traders await Friday’s Canadian labor numbers.

The Canadian Dollar was led by the nose through markets on Thursday. Canada remains absent from the economic calendar until Friday’s labor data. US jobless figures chill recent recession fears, but key inflation data looms ahead. The Canadian Dollar followed behind overall market flows on Thursday, pushed around by volumes in other, more interesting currencies as CAD traders await Friday’s Canadian labor numbers.

USD/CAD daily chart Canadian Dollar FAQs What key factors drive the Canadian Dollar? The key factors driving the Canadian Dollar are the level of interest rates set by the Bank of Canada , the price of Oil, Canada’s largest export, the health of its economy, inflation and the Trade Balance, which is the difference between the value of Canada’s exports versus its imports.

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 CA
 

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

Canada Canada Latest News, Canada Canada 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 »