FXstreet.com (Athens): The USD/CAD collapsed on the release of US goods orders, as Fed has strictly connected ‘tapering’ with US solid economic data.
The notorious ‘Septapering’ puzzles investors
The ‘loonie’ soared against its major leading counter-part, after the depressing US news data. As long as, Fed insists on ‘’September would be an appropriate time to taper if the economic data is strong”, traders might not find ‘out of the blue’, such kind of currency patterns. US Dollar slumped on Friday and its woes have continued into the last week of August. Sparked by a slew of weak housing data on Friday, …read more