The Canadian dollar steadied near its lowest level this year against the U.S. dollar as April trade data showed Canada’s surplus widened. Markets were also positioned ahead of a Bank of Canada interest rate decision, keeping FX trading cautious. The article is mainly a macro update with limited immediate price impact beyond the currency market.
The Canadian dollar steadied near its lowest level this year against the U.S. dollar as April trade data showed Canada’s surplus widened. Markets were also positioned ahead of a Bank of Canada interest rate decision, keeping FX trading cautious. The article is mainly a macro update with limited immediate price impact beyond the currency market.
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