Taking a snapshot of markets right now, we’re almost precisely at the closing levels on Thursday.
Friday featured a big rally in the US dollar and today’s slump has almost perfectly erased it. On the daily charts, the candles are almost mirror images of each other.
Her is a snapshot of the cumulative changes from the close on Thursday until now:
One takeaway: the Canadian dollar is probably only lagging because Canadian banks are closed today. I’d look for some relative CAD strength tomorrow, all other things being equal.
