Today's edition of the Saxo Morning Call features the SaxoStrats team discussing the continuing weakness of the US dollar as commodity prices recover ground and in the wake of key US equity indices hitting all-time highs Thursday.
Squawk / 28 August 2015 at 13:20 GMT
good morning, sorry for being a bother but do you have a sentiment on USDCAD at this moment? I was bearish because partly oil rebound, also top of the range sort-of, plus Jackson Hole confusion, general reversal of negative sentiment and magic eight ball but my magic eight ball has been very kind to me this week....
if not available, have a nice weekend
yuiyui yuiyui
should have read "Magic eight ball has NOT been kind to me..."
Michael O'Neill Michael O'Neill
Hi yuiyui: I have been hard at work writing my Friday article. USDCAD is bullish in part because oil is merely correcting inside the downtrend and not viewed as a sustainable move. However, the bigger piece of the equation is a combination of US dollar demand for the month end fix and a local story that the Liberal party is touting three years of $10 billion deficits to jump start the economy.
yuiyui yuiyui
Thanks for taking the time to answer. I always look forward to your wonderful articles
yuiyui yuiyui
BTW, thank god one man one vote, lol


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