Canadian Dollar strengthens against partners after statements from Central Bank

Canadian Dollar strengthens against partners after statements from Central Bank

On Wednesday, 22/04, the Canadian Central Bank advised that it was to lower the value of its weekly bond purchases. The move, necessary due to the Canadian economy making strides toward its recovery, will be implemented next week. As a result, the Canadian Dollar immediately strengthened against its trading partners after the Central Bank announcement. Moving forward, it will be interesting to watch where the CAD goes in the next hours and days.

Read the full story at fxstreet.com

Economic Calendar

Most Traded

Trading Opportunities

Fifth straight gain for USDJPY – can bulls clear 153 before CPI?

Dollar surges as Pound, Euro falter | FX Research

GBP sinks as “Santa cut” possibility grow

Dollar rallies on Japan political shift and stronger yields | FX Research

Limited offer:

Get Free

The TraderKeys keyboard can take your gold trading to the next level, with preprogrammed hot keys enabling you easily execute and modify trades.

Join Now