The Canadian dollar enjoyed the weakness of the US dollar to push forward to fresh multi year levels. USD/CAD went as low as 0.9866 before rising again. This came despite weak figures from Canada so far this week – two housing sector figures came out worse than expected. Nevertheless, the retreat of the US dollar, and the positive outlook from the Bank of Canada pushed CAD/USD higher. And, also oil is recovering, due to various reasons, and this sure helps the Canadian dollar. Further levels below are 0.98 and 0.97. Above, 0.9930 and 0.9977 are significant before USD/CAD parity. The strength is significant on the backdrop of the fall in the another commodity currency – the Australian dollar, which falls due to the floods in Australia. For more, read the Canadian dollar forecast. 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 Bits share Read Next AUD/USD Jan.13 -AUD Again Up Against the US Dollar Tamar Schoppik 11 years The Canadian dollar enjoyed the weakness of the US dollar to push forward to fresh multi year levels. USD/CAD went as low as 0.9866 before rising again. This came despite weak figures from Canada so far this week - two housing sector figures came out worse than expected. Nevertheless, the retreat of the US dollar, and the positive outlook from the Bank of Canada pushed CAD/USD higher. And, also oil is recovering, due to various reasons, and this sure helps the Canadian dollar. Further levels below are 0.98 and 0.97. Above, 0.9930 and 0.9977 are significant before USD/CAD parity. 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.
