The Canadian Dollar (CAD) is broadly higher on Friday, but gains are capped after softer-than-expected prints in Canadian economic data.
Broad-market risk appetite recovers on Friday as US PCE inflation eases. Canada saw a weaker-than-expected rebound in GDP . US PCE inflation cooled further, fueling rate cut hopes. The Canadian Dollar is broadly higher on Friday, but gains are capped after softer-than-expected prints in Canadian economic data.
3630 region as the pair hangs on the low end of a near-term congestion pattern. Shortside momentum continues to struggle to find territory near 1.3600, but bidders have been unable to drag prices back above 1.3750.
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