The Traderszone Network

Published in TZ Latest News 30 June, 2017 by The TZ Newswire Staff

Forex technical analysis: USDCAD trades to new 10 month low. Rebounds.

GDP comes in at 0.2% vs 0.2% estimate
The Canada GDP came in at 0.2% vs 0.2% estimate. The y/y came in at 3.3% vs 3.4 estimate.
The price of the USDCAD initially dipped after the news but has since rebounded.  US data may also have played a role although data was a bit mixed vs. expectations.