CANADA FX DEBT-C$ rises as uncertain U.S. economic outlook drags U.S. dollar lower

CANADA FX DEBT-C$ rises as uncertain U.S. economic outlook drags U.S. dollar lower

July 23, 2020

“This morning’s snapback in jobless claims helped reinforce the perception that U.S. growth is set to slip relative to the euro area and other major economies, and traders are setting up for a wider-than-previously-expected divergence between U.S. and European PMIs tomorrow,” said Karl Schamotta, chief market strategist at Cambridge Global Payments in Toronto.

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