The models are broken
The market is trying to get back to the pre-Covid and pre-war times, but that model is broken. A new dawn is here and the financial world needs to adapt.
Steen Jakobsen,
Chief Investment Officer
FX Trader, Loonieviews.net
Summary: The Canadian dollar is taking the honours for being the worst performing G-10 major currency against the US dollar since yesterday’s New York close and for the week, as well.