Canada is a large oil export country. Thus, Oil price affects greatly on Loonie. When oil increases, U/C decreases as a result. Oil decreases, U/C rises.
This is the long term trend.
Traders should not ignore the move of oil and Gold which affect on Loonie and Aussie.
This is the long term trend.
Traders should not ignore the move of oil and Gold which affect on Loonie and Aussie.