The Canadian dollar is being carried away by the recent dollar storm, joining its peer commodity currency peers and is losing ground against the greenback, despite the fact that a strong US economy is good for the Canadian one, that Canadian inflation is on the rise and that the Bank of Canada has finally acknowledged this. The weakness in oil prices is a factor that plays against the C$. CAD/USD is now below 0.90, as USD/CAD tops 1.1111. For Dollar/CAD, the next big level is 1.1224, which is the cycle multi-year high. Big support is of course at the 1.10 level. For more, see the Canadian dollar prediction. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next EUR/USD Sep. 26 – struggles to recover from big blow Yohay Elam 7 years The Canadian dollar is being carried away by the recent dollar storm, joining its peer commodity currency peers and is losing ground against the greenback, despite the fact that a strong US economy is good for the Canadian one, that Canadian inflation is on the rise and that the Bank of Canada has finally acknowledged this. The weakness in oil prices is a factor that plays against the C$. CAD/USD is now below 0.90, as USD/CAD tops 1.1111. For Dollar/CAD, the next big level is 1.1224, which is the cycle multi-year high. Big support is of course at the 1.10… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
