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: The US dollar rally has turned into a slow and steady tactical rout, having caught traders the wrong way around after the dovish ECB meeting last week. Next week will be about whether the FOMC triggers any more determined directional view on the dollar.