Loonie, Aussie in focus while US dollar idles

Loonie, Aussie in focus while US dollar idles

From brecorder.com

The Canadian dollar and Australian dollar were in focus on Monday ahead of their central bank meetings this week, while the euro and other major currencies held steady as traders reviewed the US dollar’s prospects. With a quarter point rate cut by the Federal Reserve next week a near certainty as per market pricing, analysts say the dollar is looking tired after its long run-up in the four weeks since Donald Trump won the presidential election. Morgan Stanley analysts even recommend being short US dollars into the year end, calling it a “pain trade” for markets that are widely and heavily long the currency. ... (full story)

CAD has really lost value. And the weakening continues. Just like a tissue paper with no value after use.

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