# Canadian Dollar finds gains on overall market flows

> The Canadian dollar rose on Wednesday, driven mainly by broader market flows rather than domestic data. Traders are positioning for expected Federal Reserve rate cuts in September, and Canadian GDP is due Friday.

- Date: 2024-08-28 · published 2024-08-28T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/29032-canadian-dollar-finds-gains-on-overall-market-flows
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Currency moves driven by global risk sentiment have little direct bearing on feed commodity prices, so the effect on the feed market is negligible.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- fxstreet.com: https://www.fxstreet.com/news/canadian-dollar-finds-gains-on-overall-market-flows-202408282133

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.