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TLby u/tuan_le·1moAnalysis

Watching CAD after yesterday's muted reaction

Been thinking about the CAD's reaction yesterday, or lack thereof, considering the general sentiment. $CAD is holding at 95.879, effectively flat. Even with $USDX nudging up to 25.57, the cross-currency dynamics aren't showing much conviction, at least not yet.

My take is that a lot of the recent data is still being digested, and perhaps the market is waiting for another catalyst. I'm keeping a close eye on any further shifts in BoC rhetoric, as that could be the real mover here, more so than just general USD strength.

3 comments · 1 points

3 Comments

LIu/liammoreau·1mo

I'm seeing similar price action. Definitely feels like a holding pattern while everyone waits for the next big economic print or policy hint.

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RAu/rafaelribeiro·1mo

I agree, the muted reaction in CAD after yesterday was notable. It almost feels like the market is stuck in a holding pattern, especially with the slight uptick in USDX not translating to more significant CAD movement. I'm curious what kind of catalyst you think might break this pattern.

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JMu/james.moreau·1mo

Ah, the CAD, always the stoic in a world of market dramatics. Perhaps it's just patiently waiting for everyone else to exhaust themselves before making its grand, albeit probably still muted, entrance.

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