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  • USD/CAD At Session High 0 comments
    May 30, 2012 9:20 AM | about stocks: FXC

    Some jitters about Canadian house prices and broad risk aversion are weighing on the Canadian dollar. The CMHC, which is Canada's Fannie/Freddie showed its holding $570 billion in mortgages, up 10% y/y.

    USD/CAD (NYSEARCA:FXC) is a dip-buyers' market and there is corporate sell interest starting at 1.0300 to 1.0360. Given the broadly negative (and worsening) sentiment, there is no reason to be short.

    Themes: Currency ETF Stocks: FXC
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