OctaFX | OctaFX Forex Broker
Open trading account

USD/CAD ends the week off 5-year highs

FXStreet (Córdoba) - USD/CAD is trading nearly flat on the day but still poised for weekly gains, although it retreated from 5-year highs as risk sentiment improved over the last sessions, weighing on the greenback against commodity currencies.

Intraday speaking, USD/CAD has traded in a narrow range throughout the day, with the 1.1210 area containing the downside and with Canadian inflation numbers having virtually no impact on the loonie.

At time of writing, the pair is trading at the 1.1250 zone, unchanged on the day but 0.65% higher this week, having reached a 5-year peak of 1.1384 on Wednesday.

Euro weighed by ECB - BBH

Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman explained the contrast, Bundesbank President Weidman’s hawkish comments gave the euro a small bid.
Read more Previous

Markets normalising on QE rhetoric - BMO Capital Markets

Stephen Gallo, European Head of Currency Strategy at BMO Capital explained markets are normalising.
Read more Next
Start livechat