USD Goes Defensive As US Data Misses, Canada’s Economy Is Red Hot

The saying goes that even if you drop a dead cat from high enough, it will bounce. The ‘dead cat bounce’ phenomenon played out well for the USD yesterday, which fell on Friday after a Q2 annulaized GDP miss with expectations for 2.7% were met with 2.6% actual. The Dollar likely would have received...
USD Goes Defensive As US Data Misses, Canada’s Economy Is Red Hot