Canadian Headlines and Economic data
Net negative moves for CAD during the U.S. trading session without apparent direct catalysts. It’s possible that the somewhat negative risk sentiment leans during the U.S. session on geopolitical concerns (U.S. Warns Colleges to Divest China Stocks on Delisting Risk) and U.S. stimulus concerns (Treasury Secretary Mnuchin says Democrats are unwilling to strike a ‘reasonable’ relief deal) may have been a factor.
The broad rebound during the Wednesday U.S. session (with exception to the U.S. dollar) seems to correlate with the release of the above data and a small bounce in oil prices:
Mixed but net positive session for the Canadian dollar during the Friday session, mainly driven by counter currency flows as the euro and Sterling weakened after disappointing business sentiment and Brexit updates came out from Europe.