USD/CAD falls to fresh seven-week low. What's next - ConsultFX

USD/CAD falls to fresh seven-week low. What's next

The drop continues The market was caught way offside by the latest Canadian dollar move. The change in tone on NAFTA, and a head-and-shoulders pattern all quickly turned the tide. Prior to that, the CFTC positioning data showed traders piling into USD/CAD longs.