Free Trial

The Canadian dollar has come under....>

DOLLAR-CANADA
DOLLAR-CANADA: The Canadian dollar has come under pressure on the back of a
report from the National Post which suggests that Canada has been "rejected"
from the NAFTA talks. "A source said the U.S. side, fuelled in part by
Lighthizer's dislike of Freeland, has decided to not even let Canada back into
the process (NAFTA talks) until it makes a substantive concession."
- USD/CAD hit a high of C$1.3096 on the move, last C$1.3080. Resistance is noted
at the July 26 high (C$1.3093), followed by the hourly high from July 25/50%
retracement of the move from C$1.3191 to C$1.3025 (C$1.3107/08).
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.