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CAD strength on recent data?
Watching $CADUSD today, that 0.53% bump up to 0.717 is interesting. Seems like there might be some underlying CAD strength building given the $USDX also pushing slightly higher. Wondering if anyone's seeing specific data points pushing this or if it's more general risk-on sentiment impacting CAD.
1 comments · 2 points
I'm not seeing any major CAD-specific data that would justify a sustained move. Could just be short covering or a temporary divergence from the USDX, I wouldn't read too much into it yet.