The Canadian dollar was consolidating but waiting to take advantage of another fall of the US dollar. It still has the backwind of the BOC’s hawkish hike last week. The hammer came from special counsel Robert Mueller. The probe into Trump’s connections with Russia will expand into his personal business dealing with family and associates involved. If the President is in deeper trouble, the prospects of passing tax reform and infrastructure spending falls sharply. Health care reform is mostly dead. Don Junior is also in trouble. The news sent the dollar down and the loonie was there to reap the benefits. USD/CAD is trading at the lowest since May 2016, at 1.2550. The low so far was 1.2540. The Canadian dollar also enjoys the rise in oil prices. The black gold has reached $47.50 on WTI Crude Oil. Brent topped $50. Here is how the move looks on the monthly chart. The really big level on the downside is that May 2016 low of 1.2460. Below that point, it would be the lowest since 2015. There is still some way to go. More: USD/CAD: What’s The Post-BoC Trade? – Nomura 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 Mueller dives deeper into Trump – Dollar dives too – Yohay Elam 6 years The Canadian dollar was consolidating but waiting to take advantage of another fall of the US dollar. It still has the backwind of the BOC's hawkish hike last week. The hammer came from special counsel Robert Mueller. The probe into Trump's connections with Russia will expand into his personal business dealing with family and associates involved. If the President is in deeper trouble, the prospects of passing tax reform and infrastructure spending falls sharply. Health care reform is mostly dead. Don Junior is also in trouble. The news sent the dollar down and the loonie was there to reap 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.
