The USD/CAD traded in line with the market sentiment on Thursday where investors took advantage of the absence of the U.S. and Canada for Thanksgiving and that helped the recovery after the sharp selloff seen on Wednesday.
The sentiment is still the same and the overall debt fears are predominant yet the market recovered from Wednesday’s losses as they saw the dollar gains excessive, and the rebounded helped loonie recover the losses especially with commodities and especially oil recovering.
On Friday we do not expect heavy changes on the market with choppy trading and volatility with Canada and the United States returning to the market yet for an early closing session which might still see low trading volumes though with the clearing on the floor and end of the week the volatility will prevail ahead of the weekend and another busy week for global financial markets.
Originally posted here
