This week the USD faces a bit of a dilemma in terms of its current drivers. On the one end general short-term ease in markets means data should drive it lower, but the threat of further safe-haven inflows remains a possibility.
It’ll be an interesting week for the Canadian Dollar with attention still firmly fixed on the Coronavirus and the current railroad disruptions. Apart from that, we also have very important hard data with Q4 GDP due in the upcoming week as well.
Trade with an edge
A Financial Source subscription is just $97 per month. Cancel in two clicks.