The Euro Poses a Bigger Risk to the Canadian Dollar Than the US Dollar, Economist Warns
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#f960beb7 ver:0.23

The Canadian dollar faces challenges from labor market data, potential rate cuts by the Federal Reserve, and a weaker economy compared to the US. The euro poses a bigger risk to the Canadian dollar than the US dollar, with the loonie's valuation often reflecting the euro's exchange rate against the USD. Traders should monitor budget decisions in major eurozone members for hedging against Canadian dollar risks. Potential delays in the Trans Mountain pipeline expansion could impact oil producers. Looking ahead, risks for the Canadian dollar in 2024 include the housing market, China, OPEC, inflation, and consumer spending. #CanadianDollar #EuroRisk #TransMountain #EconomicOutlook...

#newstr #CanadianDollar #Euro #UsDollar #Economist #CurrencyExchangeRates #Risk 

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