The Canadian Dollar rose on Wednesday, buoyed by Greenback weakness.
Canada reported an upswing in housing prices, bolstering the CAD further.
Broader markets are pivoting to the start of this year’s Jackson Hole economic summit.
The Canadian Dollar (CAD) found some legroom on Wednesday, rising against key counter-currencies through the US market session and extended a recent win streak against the US Dollar as broad market sentiment pins on the high end with investors anticipating a shift in the Federal Reserve’s (Fed) rate cut stance.
Canada reported a slight upswing in recent housing price figures, prompting a thin bullish bid in the Canadian Dollar. The CAD has eased into a multi-month high against the Greenback, and is clawing back recent losses against other major currencies in recent days.
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