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Sunday, September 26, 2010

Forex Trading - USD/CAD weekly outlook - September 27- October 1

Sunday, September 26, 2010
Forex Trading - USD/CAD weekly outlook - September 27- October 1Last week saw the Canadian dollar rally against its U.S. counterpart, closing trade at a 3-day high, as concerns that the U.S. economic recovery is faltering weighed on the U.S. dollar.

USD/CAD hit 1.0190 on Wednesday; the pair's lowest since August 6; the pair subsequently consolidated at 1.0239 by close of trade on Friday,

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