Canadian Dollar Steadies, Sentiment Improves on Reduced Risks – Scotiabank
The Canadian Dollar is flat on Thursday but modestly firmer against the US Dollar for the week, according to Scotiabank strategists. They note improving sentiment as risks fade.
USDCAD
Scotiabank strategists Shaun Osborne and Eric Theoret report that the Canadian Dollar (CAD) is trading flat on Thursday but has shown a modest firming versus the US Dollar (USD) over the course of this week.
The analysts attribute this to improving sentiment as risks against the USD ease. The tone suggests mild CAD strength in the near term, though gains remain modest.
Source: FXStreet Forex News