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Forex pairs in this Article » USD/CAD
FXstreet.com (Barcelona) - The Loonie continues to appreciate against its American counterpart, showing strong fundamentals and solid results as of late. As of writing, CAD is orbiting around 0.9760 per US dollar, after Canadian Housing Starts bettered expectations during September.

According to Jane Foley, Senior Currency Strategist at Rabobank, the Canadian dollar has been the best G10 performer in the last sessions. Good results out of the domestic labor market last Friday, coupled with good PMI reading and a good perspective for the exports sector after recent Fed support to the job creation are all good news for the CAD.

"Added to that is a good Canadian fiscal situation, a solid banking sector and a central bank that cannot cut rates given the high levels of consumer debt. Medium-term we continue to expect the CAD to perform well& and also look for USDCAD to creep lower towards 0.95 medium-term".
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