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

Dollar dips as NFP fallout fuels Fed cut bets | FX Research

Goldman lays out the case for $5,000 gold – here’s how it happens

Euro strengthens even as French Government collapses

Political chaos in Japan collides with key chart setups

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