Loonie comes alive
USDCAD is on the move. It languished on the sidelines for four days, locked in a tight 1.3280-1.3360 range, but that changed this morning.
Head of FX Strategy
Summary: ECB president Mario Draghi will exit the stage later this year without ever having hiked interest rates during eight years at the helm of the ECB. Yesterday’s ECB meeting easily cleared the bar of dovish expectations and hit the euro across the board, sending EURUSD to new lows since mid-2017.