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USD/CAD trading upwards after Michigan release

FXstreet.com (Athens) – The USD/CAD is still trading upwards due to a solid Michigan release, as well as regarding to the general strengthening of greenback.

USD/CAD on the upper level; Michigan beats estimations, while Syria’s jitters striking back

The USD/CAD spiked on 1.0548 after the better than expected Michigan Index release, which boosted the American dollar tremendously across the board. Besides the voices who are on favor to a September taper announcement grow up steadily, boosting further the ‘greenback’. Meanwhile, the upward trend of the pair might also be attributed to the slowing recovery in Canada. To elaborate on, …read more