It enacts policies that try to promote economic and employment growth, although it hasn’t directly intervened in the currency since 1998.Ĭanada is a large exporter of materials and commodities, such as wood, grain, minerals, petroleum etc. The Bank of Canada can be a major influencer of the value of the Canadian dollar. News and data about the US economy and politics are constantly available and should be followed to keep up to date with factors which can influence the markets.
This data can produce volatility in the value of the USD, and of course, affect the USD/CAD currency pairing.Īs with all currencies, economic and political events and occasional crises can play a part in affecting the fluctuations in the exchange rate.
The Bureau of Labor Statistics releases Non-Farm Payroll numbers for the US, usually on the first Friday of each month. This data can help traders understand how the market may change in the future. One of the most influential of these are the various reports issued by the US Federal Reserve Bank (Fed). As the most traded currency in the world, the US dollar is affected by a variety of factors.
0 kommentar(er)
