Dollar: Back To Trading On Normal Drivers

Dollar: Back To Trading On Normal Drivers

The dollar claws back some losses - Monex Canada

CAD Given events elsewhere, USDCAD has been something of a sideshow for markets over recent weeks. Limited domestic data flow and minimal BoC commentary offer little for traders to dig into, leaving the loonie to trade mainly at the mercy of external factors. Yesterday’s Canada Day holiday did little to disprove this thesis. USDCAD notched 0.5% higher, despite no domestic catalysts, price action that was largely indistinguishable from other rece…