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USD/CAD appears neutral near term – Scotiabank

FX Strategists at Scotiabank suggested the pair should meet resistance in the mid-1.2900s and 1.2980. Key Quotes “Sentiment is dominating as market participants assess the ongoing turbulence in emerging markets and its implications for global growth and commodity prices. Risk reversals are elevated, pricing a relatively sizeable premium for protection against near-term CAD weakness. CAD’s […]

The post USD/CAD appears neutral near term – Scotiabank appeared first on Forex Crunch.

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