I can’t remember any big M&A deals being approved, to be honest, but traders note talk that there is 30 yards of USD/CAD to be bought for an M&A deal…
London has already bought a bunch of USD/CAD, helping push it up to 0.9925 from 0.9885 at the US open….
Sounds very fishy to me…tread carefully, as no one I’ve spoken to can figure out what deal these flows are linked to…
