Intraday Market Thoughts

Archived IMT (2010.05.27)

by Ashraf Laidi
May 27, 2010 9:42

CAD is the days biggest gainer on a combination of the broadening improvement in risk appetite (oil and equities) but more importantly due to anticipation of a 25-bp rate hike in next weeks interest rate decision from the Bank of Canada. USDCAD holds at interim support of 1.0535-40, a break of which could extend to as low as 1.04, especially in the event of a more robust recovery in risk and oil prices. FOLLOW US ON TWITTER for MORE IDEAS & ANALYSIS


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