USDCAD Bullish Bias Still In Play
US Yields continue to support the US Dollar, along with uncertainty aboard (namely in EU).
We still have some event risk due on Cad as FinMin Morneau is set to announce what the
govt intends to do with the Transcanada pipeline.
Main hypothesis (via BBG) is that the govt will buy and build the expansion and sell once it’s complete.
We still have some event risk due on Cad as FinMin Morneau is set to announce what the
govt intends to do with the Transcanada pipeline.
Main hypothesis (via BBG) is that the govt will buy and build the expansion and sell once it’s complete.
