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Sep 21 - 02:55 AM

USD/CAD - Decline Extends, Canada Election Delivers "status Quo"

By Krishna K  —  Sep 21 - 12:59 AM
  • USD/CAD down 0.45% in Asia as risk sentiment attempts a tepid recovery

  • Canada's Liberals on track to retain power, still with minority – TV

  • Leader of Canada's opposition Conservatives concedes defeat nL1N2QM10C

  • Markets will welcome status quo; Liberals plan billions in new spending

  • Supportive fiscal policy will lead to earlier BOC rate hikes nL1N2QM2ET

  • USD drop cushioned Evergrande debt concerns, Fed taper expectations

  • Support 1.2760, 1.2730-40, resistance 1.2800-05, 1.2830-40,

  • For more click on FXBUZ


Reuters poll graphics on the Canada housing market outlook: Click here

Source:
Refinitiv IFR Research/Market Commentary

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