AUD and CAD Outperform on Separate Catalysts as French Yields Eyeing 5%

Australian and Canadian Dollars are leading major currencies on Monday, but the gains are far from evidence of a broad risk-on rally. Aussie is benefiting from stronger-than-expected Chinese economic data and reduced conviction that RBA tightening has finished. Loonie, meanwhile, has retained much of its strength despite softer Canadian core inflation, supported by elevated oil prices. The post AUD and CAD Outperform on Separate Catalysts as French Yields Eyeing 5% appeared first on ActionForex.