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Flash: CAD in focus - TD Securities

FXstreet.com (London) - Research teams at TD Securities put the CAD in focus.

Key Quotes:

“USD/CAD slide may extend near-term”.

“EUR/CAD sell-off stabilizes, rebound potential likely limited”.

“AUD/CAD retains a soft bias”.

“GBP/CAD poised to slip back after weak close Friday”.

“CAD/JPY pops the top of the recent trading range but can the break higher stick?”

EUR/JPY climbs above 132.00

The EUR/JPY managed to rise past the 132.00 mark and printed a fresh 2-week high during the American session, helped by the EUR/USD rally.
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USD/CAD downside stalled around 1.0370

A weaker USD in combination with solid data from the Canadian housing sector is pushing the USD/CAD to the area of 1.0370/65, falling for the second consecutive week....
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