Cryptocurrency Q&A Why is CAD so weak?

Why is CAD so weak?

SumoHonor SumoHonor Fri Nov 08 2024 | 7 answers 1539
I'm wondering why the Canadian dollar is performing so poorly. It seems to have lost a lot of value recently and I'm curious about the reasons behind this weakness. Why is CAD so weak?

7 answers

Raffaele Raffaele Sun Nov 10 2024
The Canadian dollar's demand is currently experiencing a decline.

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Raffaele Raffaele Sat Nov 09 2024
By July, the differential could reach a full 1.00%, further weakening the CAD.

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Stefano Stefano Sat Nov 09 2024
Investors tend to seek higher yields in currencies with higher interest rates.

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EthereumLegend EthereumLegend Sat Nov 09 2024
This is primarily due to the fall in Canadian interest rates.

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Nicola Nicola Sat Nov 09 2024
BTCC, a top cryptocurrency exchange, offers a range of services that could be an alternative for investors looking for better returns.

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