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USD/CAD on the rebound above 1.39 again
It was one-way traffic for the USD/CAD all day yesterday. The US dollar fell back steadily to a low at 1.3822 and later posted a US close at 1.3824. However, the surge in the dollar over the past 4-5 hours has seen it rebound back above the 1.39 handle and potentially rise to above the highs seen last week, at 1.3959. The high seen so far this morning has been set a moment ago at 1.3939. The positive reversal of course requires that Trump does win this presidential race, but more and more US news outlets are now calling that result. The USD/CAD is currently trading at 1.3931
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