USDCAD Eyes 1.2660s

by Ashraf Laidi

Mar 30, 2009 11:55

CAD hastily drops across the board at the first sign of trouble in risk appetite as the broadening sell-off in equities boosts USDCAD past the $1.25. Weve long mentioned the positive correlation involving major equity indices with Aussie and Kiwi pairs. But we also mentioned the relatively high correlation of -0.72 between USDCAD and S&P500 Year-to-Date, suggesting high correlation between CAD and equities. It is too early to expect equities to head back towards March lows at this point, but USDCAD will likely have to re-test 1.25 before calling back 1.2580s and 1.2660s.

More Hot-Charts

• Gold Next Move

  Dec 26, 2025 15:32 | by Ashraf Laidi
  Will send detailed note on latest parameters to our WhatsApp Bdcst Group - سأرسل رسالة صوتية و كتابية توضيحية لأعضاء مجموعة الواتساب الخاصة حول هذه المخططات -   ..

• EURGBP & Bank of England

  Dec 17, 2025 19:24 | by Ashraf Laidi
  Today's weaker than expected UK CPI sharply boosted EURGBP and dragged down GBPUSD on improved expectations the BoE will cut rates tomorrow (Thursday).

• Indices & Gold Update

  Dec 16, 2025 12:16 | by Ashraf Laidi
  سأرسل رسالة صوتية و كتابية توضيحية لأعضاء مجموعة الواتساب الخاصة حول هذه المخططات - Will send detailed note on latest parameters to our WhatsApp Bdcst Group...