CAD at the Behest of Crude Oil and Rampant U.S. Dollar
USD/CAD Analysis Hawkish Fed re-pricing weighs on CAD. Demand destruction leaves crude oil muted. USD/CAD Fundamental Backdrop USD/CAD had a rollercoaster week after the Bank of Canada (BoC) surprised markets by hiking rates by 100bps. The knock-on impact saw money markets price the Fed’s upcoming rate decision higher with 100bps call gaining traction. Higher than …
CAD at the Behest of Crude Oil and Rampant U.S. Dollar Read More »