Canada looks to be a buy not only against the U.S. dollar but the euro as well.
More Quotes from Jack Spitz:
The news was all, on balance, positive for the Canadian dollar.Jack Spitz
A hawkish tone is already priced into the markets, both in the yield curve and on the currency. It was the big event risk of the week and he did live up to market expectations.
Jack Spitz
The number underscores economic strength in the country. Bank of Canada may continue its hawkish stance. This is supportive to the Canadian dollar.
Jack Spitz
Price action is still (pushing the U. S. dollar lower against Canada) given the price of commodities and energy, which are both supportive of the Canadian dollar going forward.
Jack Spitz
The U. S. dollar is under pressure today, which is dominating price action throughout the North American session.
Jack Spitz
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