We’ve backed off 1.120 sharply over the last few minutes in USD/CAD and are back below to 1.1170 as a wave of activity hits the loonie.
End of month flows have been buying up the Canadian buck and Asian sellers have been hitting EUR/CAD. Adding to the mix is an environment report on the Keystone XL pipeline that should be out later today and is said to possibly fall on the positive side for the project.
USD/CAD h1 chart 31 01 2014
Euro taking it form everywhere.
EUR/CAD h1 chart 31 01 2014
Corporate offers are in at 1.1230 then gap up to 1.1260 and 1.1300 but not said to be of any size.
Bids were filled at 1.1170 but held at 1.1150 and are at every 20 pips down the line through 1.1090. Spec bids pretty much match the corps.
