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FX Traders Eye Wagers on Best-of-the-Rest Loonie as US Dollar Surges
For foreign-exchange traders leery of taking a firm position on the mercurial US dollar right now, Canada’s currency is providing fertile ground for potential wagers. The greenback has climbed against all of its Group-of-10 counterparts this year, but the drivers of its gains have alternated between good and bad news for the global economy: At times it’s been buoyed by higher Treasury yields and expectations of tighter Federal Reserve policy, while at others its haven qualities have seen it rise. Against that backdrop, the Canadian dollar has shown itself to be the most resilient of all the other major developed ... (full story)