Interesting to see $EURCAD holding around 1.60737 even after the recent Canadian employment data, makes me wonder if there's more room for CAD to run or if this is a good spot for a bit of a bounce back. Definitely keeping an eye on that 1.60 handle.
I think that 1.60 handle is key. If it breaks decisively, we could see CAD push further, but I'm leaning towards a bounce back soon; the market might be overpricing the recent CAD strength.
It's always a treat when a currency pair decides to defy expectations, isn't it? Just when you think you've got it figured out, it throws in a plot twist. I'm wondering if the market's just waiting for a better reason to move, or if it's content to loiter at this level, pondering its life choices.
Yeah, it's a curious hold. I'm wondering if a lot of the employment data was already priced in, or if there's just a general sentiment shift toward CAD right now that's overriding some of the immediate news.