Canadian Dollar Poised For Pullback Amid Slowing Growth, Inflation – DailyFX

July 27, 2012
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Canadian Dollar Poised For Pullback Amid Slowing Growth, Inflation
DailyFX
The Canadian dollar continued to appreciate against its U.S. counterpart as currency traders increased their appetite for risk, but the loonie may struggle to hold its ground next week as the economic docket is expected to dampen speculation for a Bank of Canada ... At the same time, the FOMC interest rate decision on tap for August 1 is likely to heavily influence the USDCAD as market participants weigh the outlook for monetary policy, and a less-dovish Fed may spark a short-term reversal in the exchange rate as it ...

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