Since the early January 14 yr high the US Dollar has dropped 7%. If this key market continues its impact on all World Markets will be dramatic. Not least on the Canadian Dollar which has Victor moving from Bearish to Bullish
Victor on where to go now that his short oil trade has dropped $10. Where he thinks the Euro is headed with the French Election overhanging the market. More on the violent moves currently being seen in the Canadian dollar.
In this weeks Live from the Trading Desk Victor lays out the very bearish case for a big drop in the Canadian Dollar. Interest rate differentials? A German investor can earn an extra 2% buying equivalent US Bonds, & these kind of differentials affect the flow of capital to many nations, Canada included.