The Canadian dollar was poised to end its daily losing streak against the U.S. dollar as higher oil prices supported the loonie. U.S. inflation data also prompted the greenback to give back some of its recent broad-based gains, easing pressure on CAD. The move appears modest and FX-driven rather than a broader macro shift.
The Canadian dollar was poised to end its daily losing streak against the U.S. dollar as higher oil prices supported the loonie. U.S. inflation data also prompted the greenback to give back some of its recent broad-based gains, easing pressure on CAD. The move appears modest and FX-driven rather than a broader macro shift.
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Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.15
