Liquidity may be an issue later today.
More Quotes from Jack Spitz:
The domestic payroll numbers were extraordinary, well ahead of expectations, and very supportive of the currency going forward.Jack Spitz
I do see the Bank of Canada looking to raise rates, and the converging yield curve between Canada and the United States will continue to underpin 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
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
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