The US and Canada both released GDP figures for the second quarter on Friday and despite both posting strong numbers, USDCAD once again headed south, testing the lows of the last 48 hours.
Senior Market Analyst Craig Erlam discusses why this happened and what it could mean for the pair going forward. He highlights some key levels to watch out for and also looks to the US dollar index for clues about where the pair could be headed.
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Craig Erlam
His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.
Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Latest posts by Craig Erlam (see all)
- Market Insights Podcast – US GDP, RBNZ holds, bitcoin soars - 28 February 2024
- Market Insights Podcast – Nvidia earnings, record highs for stocks - 23 February 2024
- EUR/USD – A bullish breakout or just further consolidation? - 22 February 2024