US Dollar long for the last year. Still believe this trade has juice and should continue: bullish short-term supported by a simple idea of investors flocking into safe haven currencies and further supported by more short-term weakness in Canada: 4 months of negative GDP, talks of a looming recession, lower crude with a wider than anticipated impact and a very hot housing-market: the probability of a further rate hike, down to 50bps is still on the table.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.