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Canada’s Loonie Beaten And Bloodied
Markets may still be underpricing geopolitical risk to a certain extent, but no one has told that to the main commodity currencies as they continue to struggle. The Kiwi remains under pressure from Governor Wheeler at the RBNZ "dovish tightening" moves mid-week ($0.8546). He hikes and then tells "c'est tout" for now. His equal at the RBA, Governor Stevens, continues to try and verbally beat his Aussie lower (0.9404). Governor Poloz at the BoC is the odd man out, he alone is not influencing the CAD, remaining somewhat neutral and in the shadows. The CAD bull's positions are becoming undone this Friday afternoon, ... (full story)
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- Edited 7:04pm Jul 25, 2014 4:28pm | Edited 7:04pm
- cblack
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