Partner Center Find a Broker

The Canadian dollar came out as a net winner on Friday, benefiting from mostly positive geopolitical news, enough to counter bearish Canadian economic data at the end of the week.

Overlay of CAD Pairs: 1-Hour Forex Chart
Overlay of CAD Pairs: 1-Hour Forex Chart
CAD Weekly Performance from MarketMilk
CAD Weekly Performance from MarketMilk

Canadian Headlines and Economic data

Monday:

  • We saw broad Loonie strength during the U.S. trading session, and without catalysts from Canada, this likely stems from global risk sentiment, which was on the upswing to start the week amid further U.S.-China trade deal optimism. This was also likely the catalysts that had oil prices rallying, which was probably a support factor for the Loonie as well.
Overlay of CAD Pairs & Oil (Black Line): 1-Hour Forex Chart
Overlay of CAD Pairs & Oil (Black Line): 1-Hour Forex Chart

Tuesday:

Wednesday:

Thursday:

Friday: