The unstoppable machine continues to be..er...unstoppable
USDCAD is cleaning house with an immense rally that shows no signs of stopping (well, it's stopped for the moment around 1.3380).
USDCAD daily chart
Maybe Canadian CPI might put a dent in the rally if it's strong, as that would undo some of the Poloz dovish chatter that lit the fuse for this run.
The chances are that a strong CPI read could be a dip buying opportunity because this rally looks like it's got some way to go yet.
