AUD and CAD are at opposite ends of the spectrum today

Oil and the election weigh on the Canadian dollar

The theme over the past week in markets has been that whatever was out of style is suddenly back in. We’ve seen bonds reverse and equity traders are abuzz on the reversal of growth vs value.

Since December, AUD/CAD has fallen 8% so today’s 0.3% rise is hardly anything to get excited about but the chart shows a technical break to the upside.



Articles You May Like

How Gold, Oil, Stocks & USD Perform After FOMC Rate Cuts Start
CAD: Top performers so far, but it could have been even better – CIBC
US Sec. of State Pompeo to meet with Saudi Crown Prince on Wednesday
100$ to 1.3 Million in 14 Months – Auto Trading with Scalper Software
Rate Cut Odds Drop for ECB, RBNZ, and RBA as Global Growth Concerns Cool – Central Bank Watch

Leave a Reply

Your email address will not be published. Required fields are marked *