The US dollar gyrated in a broad range against the Canadian dollar, and one does not have to cite European politics as the spurs were mostly domestic, according to analysts at Brown Brothers Harriman. Key Quotes “Bank of Canada’s statement, after leaving policy on hold, as widely expected, was understood as a signal that rates would likely be hiked in Q3. The US dollar retreated to almost CAD1.28 from CAD1.30. The following day, Canada reported a weaker than expected Q1 GDP (1.3% vs.1.7% in Q4 17 and expectations that the pace of growth was steady). The US dollar recovered and briefly traded above CAD1.30 after the US employment data. The technical indicators do not appear to be generating a strong signal presently. The greenback has moved lower against the Canadian dollar in only three sessions since May 10.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US Dollar tests sub-94.00 levels, fresh daily lows FX Street 5 years The US dollar gyrated in a broad range against the Canadian dollar, and one does not have to cite European politics as the spurs were mostly domestic, according to analysts at Brown Brothers Harriman. Key Quotes "Bank of Canada's statement, after leaving policy on hold, as widely expected, was understood as a signal that rates would likely be hiked in Q3. The US dollar retreated to almost CAD1.28 from CAD1.30. The following day, Canada reported a weaker than expected Q1 GDP (1.3% vs.1.7% in Q4 17 and expectations that the pace of growth was steady). The… Regulated 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.
