Latest news on Canadian Dollar Forex Trading Strategy
Loonie gains in currency tradingCanadian dollar forex trading strategy should consider that inflation and oil prices that are trending higher overall are really driving the loonie higher in currency trading.
The recent inflation report is showing some growth in the Canadian economy, although much of that is from steadily rising oil prices.
It is uncertain how long this rally can be sustained, but it does look as though the Canadian dollar will remain near parity with the US dollar in FX trading for a while.