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USD/CAD Forecast May 11-15 – Canadian Dollar Breaks Below 1.40 As Canada, U.S. Post Dismal Job Data
Article By:
Yohay Elam
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Saturday, May 9, 2020 5:21 PM EDT
The outlook for the Canadian dollar remains negative, despite last week’s strong performance. Economic conditions remain very weak due to Covid-19 and investors are likely to stick with safe haven assets like the U.S. dollar.
In this article: FXC
Canadian Unemployment Rate Does Not Give The Full Picture Of The COVID-19 Devastation
Article By:
Norman Mogil
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Friday, May 8, 2020 4:05 PM EDT
The Canadian rate of unemployment of 13% for April came as no shock, nonetheless the number seriously belies the devastating impact of COVID-19 on the workplace.
In this article: EWC
USDCAD Daily Analysis – Friday, May 8
Article By:
ForexCycle
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Friday, May 8, 2020 4:32 AM EDT
Being contained by the falling trend line on the 4-hour chart, USDCAD pulled back from 1.4172.
FX Daily: Dollar Retains Strength Ahead Of Payrolls
Article By:
ING Economics
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Thursday, May 7, 2020 4:40 AM EDT
Uncertainty about the length of the economic downturn has stifled some of the optimism over reopening plans. As a result, the dollar is finding its role as the quintessential G10 safe haven.
USDCAD Daily Analysis – Thursday, May 7
Article By:
ForexCycle
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Thursday, May 7, 2020 3:52 AM EDT
USDCAD broke above 1.4151, suggesting that the uptrend from 1.3849 has resumed.
USDCAD Daily Analysis – Wednesday, May 6
Article By:
ForexCycle
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Wednesday, May 6, 2020 4:38 AM EDT
USDCAD broke below 1.4045 support, suggesting that the upside movement from 1.3849 had completed at 1.4151 already.