# Canadian Dollar Drifting After U.S. GDP Beats Estimate, Euro Dips on Trade War Fears

> USD/CAD traded sideways near 1.3284 after U.S. third-quarter GDP was revised up to 2.1% annualized, above the 1.9% estimate. The Canadian dollar failed to benefit and posted slight losses. Attention turned to Canadian current account and monthly GDP releases later in the week.

- Date: 2019-11-27 · published 2019-11-27T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/56305-canadian-dollar-drifting-after-u-s-gdp-beats-estimate-euro-dips-on-trade-war
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A stronger U.S. economy supports the dollar against the loonie, but the move was small and reflects routine currency trading. Feed buyers have little direct exposure to this price action.

## Read by commodity

- USDCAD: neutral

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/canadian-dollar-drifting-u-gdp-165146586.html

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