Loading…
Loading…
Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC - Get Free Report) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 41,887 shares, a decline of 36.7% from the July 30th total of 66,127 shares. Based on an average trading volume of
Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC - Get Free Report) shares passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $70.68 and traded as high as $71.65. Invesco CurrencyShares Canadian Dollar Trust shares last traded at $71.58, with a volume of 19,561 shares changing hands.
Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $70.63 and traded as high as $72.14. Invesco CurrencyShares Canadian Dollar Trust shares last traded at $71.96, with a volume of 50,225 shares traded.
Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC - Get Free Report) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $70.56 and traded as high as $71.56. Invesco CurrencyShares Canadian Dollar Trust shares last traded at $71.39, with a volume of 250,728 shares traded. Invesco CurrencyShares
Bank of Canada cuts rates for the first time since 2020. How deep will the BoC rate cuts be in 2024?
The BoC has left its policy statement almost unchanged compared to January, defying some expectations that easing references would have been introduced today. This suggests a fairly low chance of a rate cut in April, even though June remains on the table, in our view.
Driven by increased bets of interest rate cuts and a rising trend towards de-dollarization, the greenback is gradually losing its global dominance.
The greenback???s subdued future expectations, driven by different economic factors, increase the need to hedge and diversify one's portfolio.