Canadian dollar draws nervous participants
They ranked first among banks, corporates and investors this year, in a market characterised by sharp swings in the Australian and Canadian dollars. The USD/CAD pairing traded at a low of 0.98 on February 28 off the back of record oil prices, averaged 1.04 and eventually hit a high of 1.30 on October 27 as oil fell.
"The turnaround on the CAD has really been about risk aversion and being aligned to oil. But all these moves, as seen across the board, have been exaggerated by the lack of liquidity
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