Model names and momentum accounts are looking at buying Canada and (International Money Market futures) names are on it already.
More Quotes from 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
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
There's been corporate support for dollarCanada all the way down here. Model funds, momentum types, technical traders are still looking at buying the Canadian dollar even above 88 cents.
Jack Spitz
Liquidity may be an issue later today.
Jack Spitz
The domestic payroll numbers were extraordinary, well ahead of expectations, and very supportive of the currency going forward.
Jack Spitz
U. S. markets are closed for Martin Luther King Day so price action is expected to remain muted throughout the North American session.
Jack Spitz
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