The recent resignation of Canada’s Finance Minister has caused some turbulence for the USD/CAD currency pair. The Loonie, as the Canadian dollar is commonly referred to, has been affected by this unexpected development.
The USD/CAD outlook is now uncertain as investors and traders wait to see how the market will react to the Finance Minister’s exit. This news has shaken the Loonie, causing some fluctuations in its value against the US dollar.
It is important for traders to keep a close eye on the USD/CAD pair in the coming days as the market adjusts to this new development. The Finance Minister’s resignation has added an element of uncertainty to the currency pair, and it remains to be seen how it will play out in the near future.