Mark Carney set to win the Canadian election today- USD/CAD in the spotlight

Canadians will be voting today to see who is the next Prime minister of the Country. Since assuming the temporary office of Prime Minister, the former Bank of Canada and BOE boss, Mark Carney has been resolute in his response to all that has come from South of the border and his popularity has increased as a result. So, right now the polls have him leading the Liberal party to another term in office. The price action in the USD/CAD has seen the US dollar remain under pressure and the fall below 1.38 seen last week is testament to that. Of course much of that is about the US currency and not the CAD. As to whether a Carney victory is now priced in at the current levels is a possibility, but at the same time it would seem only an unforeseen result will change that. The range seen so far today has been covered by 1.3850 to 1.3885. The USD/CAD closed in the US on Friday at 1.3863. It is right now at 1.3866