USD/CAD threatens a fresh three-month high after GDP data

Last week’s high of 1.2917 is tested

Watch for stops on a break of 1.2917 in the aftermath of the soft August Canadian GDP data. The high so far is 1.2910.

The one caveat in the soft report is that StatsCan said maintenance shutdowns at chemical and extractive industries were part of the reason for the decline. Chemical manufacturing was down 7.3%, the largest slump in 20 years.

Article Source

Добавить комментарий

Яндекс.Метрика