SUBSCRIBE TO FEEDUSD/CAD pressured in currency trading
The forex trading forecast expects to see the loonie test parity with the U.S. dollar again rather soon. Right now, it appears that Canadian trade is returning to normal, while the U.S. experiences a trade gap.
This difference is putting pressure on USD/CAD in currency trading. Indeed, as the economy picks up, we could see another test of parity from the loonie, reports Kathy Lien in FX360:
Canada has now reported the fifth straight month of trade surpluses, returning the natural to its natural trade behaviors.
