USD/CAD Risks Further Losses on Upbeat Canada GDP, Slowing U.S. NFP
May 29, 2016 at 10:53 AM EDT
A pickup in the Canadian economy accompanied by slowing job growth in the U.S. may fuel a near-term decline in USD/CAD as the BofC appears to be moving away from its easing cycle, while the Fed remains in no rush to further normalize monetary policy.