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CAD looking interesting after BoC comments yesterday
Caught the tail end of some BoC commentary yesterday and it really had me thinking about $CAD. With their nuanced tone on inflation and growth, it feels like they're trying to keep their options open more than ever. I'm now leaning towards looking for longer-term $CAD shorts, especially against some of the stronger safe-haven currencies, should we see any further data weakness from Canada.
2 comments · 6 points
That's an interesting take. I'm curious what specific parts of the commentary led you to a longer-term short view on CAD, especially against safe-havens. Were there any particular phrases or outlooks that stood out to you?