A broader wave of US greenback shopping for mixed with slumping oil costs and worries about Chinese language development have nudged USD/CAD above the 2022 excessive of 1.3978.
USD/CAD has tried to get by way of this degree many occasions up to now two years however hasn’t been capable of crack it. Thus far there hasn’t been any comply with by way of and I believe it will likely be powerful to interrupt 1.4000 — although with momentum kicking in above.
USDCAD weekly
Final week I used to be on BNNBloomberg, making the case towards the Canadian greenback.
