Posted 2/14/2024, 8:55:27 PM
Canadian Dollar Flat Amid Quiet Markets; Technicals Show Minor Gains
- Canadian dollar sees muted action amid quiet markets after Tuesday's shift in rate cut expectations
- Crude oil price fluctuations impacting CAD; energy market hesitation limiting gains
- Low-impact Canadian economic data for rest of week; markets focused on US retail sales and jobless claims
- Technical analysis shows CAD seeing minor gains Wednesday; strongest against GBP, mixed against other major currencies
- Key CAD factors BoC interest rates, oil prices, domestic/US economic health, inflation, trade balance, risk sentiment