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Canadian Dollar Down on CPI and Yields as Risk Turns Off. Will USD/CAD Keep Rising?

CANADIAN DOLLAR, US YIELDS, CRUDE OIL, NZD/USD, AUD/USD - TALKING POINTS: The Canadian Dollar got hit by bond traders’ expectations being disappointed. APAC equities were listless, undermined after a risk-off sentiment lead from the US. Crude oil fell, gold held and commodity currencies softened. Where to for USD/CAD? The Canadian Dollar dropped after CPI hit expectations. This disappointed domestic bond bears and rates there went lower to aid CAD depreciat

MongiIG

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