USDCAD: Fiscal Cliff Hopes, Improved Q3 GDP Bring Sentiment on a High

The US dollar is up for some losses today versus the Canadian currency, as sentiment turns to optimism on account of upcoming economic data and on expectations that the fiscal cliff would be averted. Just yesterday, market skepticism drove the trades, but is now being replaced with a new bout of positivity after comments from both sides expressed hope and a sense of urgency.

Continue Reading...