15.04 - CAD is stronger than USD today! How can we profit?
- by Anna K.
Leading index of economic health is to be released in Canada today. As businesses tend to react pretty fast to changes in the markets the condition of national businesses is a pretty good indicator of the state of national economy as viewed by the international traders. In general, it can give us the notion on how strong the economy is and how supported the national currency is. And in expecting the report CAD got a pretty good present in a form of a weak dollar.
We can see that the chart is going lower and lower which means that in USD/CAD couple CAD is the strong one for a change. And it is true. According to the recent numbers CAD is aiming for the best performance in 50 days, which is not bad for a currency it considering the political turmoil in the country.