The USD/CAD pair rose on Friday, where investors speculated that rising inflationary pressures all around the globe will curb demand for commodities, thus slowing down the Canadian economy, since it depends heavily on exports of commodities, where this allowed the USD/CAD pair to continue its correction to the upside after falling heavily over the past period.
We should expect trading over the USD/CAD pair to be calm on Monday, since the markets lack any major fundamentals, but we should keep an eye on the developments in oil markets, since if oil moves noticeably, the USD/CAD pair will probably move as well.
Originally posted here
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