It really got attention in Asia... as a result the dollar has pretty much sold off across the board. We can attribute this dollarCad movement to across-the-board dollar weakness to the Greg Ip article.
More Quotes from David Powell:
You can see that dollarCanada's had trouble going below C1.15. I think that's a reflection of the fact that the statement was somewhat less hawkish, and traders are less sure about the course of monetary tightening in Canada.David Powell
The 2001 recession hit us hard, and we've seen slow growth since then. We need a strategy to drive growth.
David Powell
We saw consolidation of the gains in the Canadian dollar from last Friday.
David Powell
Ultimately, any loss of child care could potentially be a crisis. We're always seeing a demand for it, especially with the economy being a factor in both parents needing to work.
David Powell
The U.K. is an eye-grabber. These are petrodollars coming from the OPEC countries through intermediaries in London. Petrodollars continue to be very sensitive to interest rate differentials.
David Powell
The previous month was huge, so of course we were expecting a weaker number. The important thing is how it compares with the month's trade deficit.
David Powell
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