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USD/CAD Outlook – Jul 4-8
Canadian Dollar Forecast, Minors | anat | July 3, 2011 6:00 am GMT
The Canadian dollar enjoyed rising oil prices and general
optimism to make nice gains. Housing and employment data are the major
events this week. Here’s an outlook for the Canadian events, and
an updated technical analysis for the Canadian dollar
Last week GDP reading showed Canadian economy
started Q2 with no change after a previous 0.1% decline. Canadian
Dollar rose after the Greek vote but dropped again after the
disappointing US unemployment reading. Will this trend continue? |
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