Canadian Dollar is trading back and forth in pre-holiday trading session.
Canadian Dollar is practically flat on the daily chart with the USD ready near recent highs.. BoC Rogers’ warnings about the country’s low productivity have weighed on the Loonie. The EIA has reported an unexpected increase on US CrudeOil stocks last week. The Canadian Dollar is trading back and forth, without a clear direction in Wednesday’sUS trading session, with the US Dollar having the upper hand on thin tradingahead of the Easter Holiday.
For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR /JPY . USD/CAD 4-Hour Chart All in all, the Canadian Dollar remains biased higher, but it seems to need an extra boost to break above recent highs. The US PCE Prices Index and Fed Powell’s comments are due on Good Friday, and the low trading volumes might boost the impact of these events.
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