We see strength in energy-related flows into the country, which underpins the Canadian dollar.
More Quotes from Daniel Katzive:
It's got to be the yen. That is the currency with the lowest yield and borrowers can be comfortable that the BOJ is not going to significantly boost their funding costs over the course of the year.Daniel Katzive
The dollar needs a good global growth backdrop to remain well supported.
Daniel Katzive
Michigan was a touch below consensus. The dollar may pull back a little, especially against interest-rate-sensitive currencies.
Daniel Katzive
The dollar is continuing to respond to the new shift in tone from the FOMC yesterday, and that has continued to work through, not only on the currency market but also on the interest rate and equity markets.
Daniel Katzive
There's more to the dollar weakness this week than just an adjustment in interest rates.
Daniel Katzive
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Based on Topics: Countries QuotesBased on Keywords: energy-related, underpins
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