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USD/CAD: Softer as firmer commodities help – Scotiabank
The Canadian Dollar (CAD) has softened against the stronger US Dollar (USD) over the past week but losses are relatively contained, leaving the CAD as the top-performing G10 currency over the past five days with a drop of a little under 0.5% (versus a 3% drop for the JPY and NZD and a 1.8% decline in the AUD), Scotiabank’s Chief FX Strategist Shaun Osborne notes.
Fxstreet
Mon, Oct 7
GBP: Still digesting Bailey's comments – ING
Last week’s newspaper interview with Bank of England Governor Andrew Bailey – in which he opened the way to ‘a bit more aggressive’ easing – triggered a substantial unwinding of stretched GBP net longs, which amounted to 37% of open interest on 1 October, according to CFTC data, ING’s FX analyst Francesco Pesole notes.
Fxstreet
Mon, Oct 7
