If you look across all markets, there seems to be a common theme of reduction of risk.
More Quotes from Mark Chandler:
In all, the good news for the fourth quarter on external balances should be well-received and underpin the Canadian dollar.Mark Chandler
Cisco does not customize, or develop specialized or unique filtering capabilities, in order to enable different regimes to block access to information. Cisco sells the same equipment in China as it sells worldwide.
Mark Chandler
You have firm inflation. The Bank of Canada has to continue tightening to keep it in check. Clearly it makes 4.25 percent more likely than 4 percent.
Mark Chandler
Two-year bonds don't offer too much value as the central bank may continue to raise interest rates. The economy in general is doing very well.
Mark Chandler
It's mostly just coming off the back of profit selling, if you like, after a good result yesterday. The down move in the U.S. is basically due to oil.
Mark Chandler
The Canadian dollar still gets support from oil prices. There is still room for the currency to improve.
Mark Chandler
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