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Stopped out USD/CAD @ 0.9800
Canada's dollar fell despite the better-than-expected wholesale report. I thought we were going to have a chance to recover but that's not the case. Some weird price actions in the last 30 mins. Some external factors seemed to be at work. Earlier in a meeting of central banks, Bank of Canada Governor David Dodge raised the possibility of cutting interest rates because of rising risks to global growth. This currency pair has surged almost 800 pips since touching the low of 0.9056 on the 7th November. Please be extra cautious when trading this currency pair due to the unforeseen fundamental development.
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