Forex
Loonie Holds Steady Despite Strong GDP Data
The Canadian Dollar held steady on Friday despite strong GDP data from Canada, as the US Dollar rebounded across major currency pairs.
The loonie's resilience underscores a complex market dynamic where positive domestic fundamentals are being offset by shifting expectations for US monetary policy.
The US Dollar Index rose 0.3% on the day, driven by robust US economic data and hawkish Federal Reserve commentary that limited the Canadian Dollar's upside.