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The Loonie is retracing due to negative market sentiment.

Nov 20, 2018

The USD/CAD started to move higher impacted by weak price action in the crude and negative performance of the global equity markets. In the back of this adverse sentiment, there is uncertainty about the results of the upcoming G20 meeting between Xi and Trump; the U.S. isn’t in a rush to end the trade war and won’t change course until China changes its ways.

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Today's expected ranges:

USD / CAD
1.3170 – 1.3230 ▲

CAD / EUR
0.6615 – 0.6662 ▲

CAD / GBP
0.5854 – 0.5896 ▼

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