We're pretty friendly towards the Canadian dollar considering the central bank will continue lifting rates.
More Quotes from Michael Jansen:
Traders are coming in every morning with a bias to sell dollars. The market expects that irrespective of the data, the Fed is going to pause after its next meeting.Michael Jansen
The market is getting all lathered-up over the prospects of the Bank of Japan rate tightening. This is without a doubt yen positive.
Michael Jansen
There are some pretty good underlying fundamentals of the U.S. economy. A good Philadelphia Fed number will confirm the U.S. economy is solid and boost the dollar.
Michael Jansen
There is a slowing growth environment in Australia, evident predominantly in the housing market. There is also continued narrowing in the interest rate differential.
Michael Jansen
The currency has been hurt by a weaker trade number and speculation of one more rate hike by the Bank of Canada. People are not looking to buy the Canadian dollar right now.
Michael Jansen
The initial reaction has been to buy dollars, but we've just come back to where we were half an hour before the statement where the dollar was quite weak.
Michael Jansen
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