Canadian Dollar consolidates near recent lows amid USD strength, Bank of Canada warning, and volatile crude oil prices.
The Canadian Dollar has been consolidating near recent lows in pre-holiday trading, with a stronger US Dollar and Bank of Canada's Rogers warning about the country's low productivity affecting the Loonie. The USD/CAD trend remains positive, with the Loonie trading back and forth without a clear direction. Crude oil prices have also influenced the Canadian Dollar's performance.
March 27, 2024
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