| From Reuters: The Canadian dollar, one of the top performing major currencies this year, looks increasingly vulnerable to overly aggressive expectations for interest rate rises, stretched positioning and a rush of risk aversion.
The currency shot above parity with the U.S. dollar this month, driven by a view Canada would become the first Group of Seven country to raise interest rates, in June, starting a tightening cycle which would see the key rates rise as much as 175 basis points by year-end........................................Full Article: Source
|