CADUSD and BRLUSD are similar
Reposting this idea with CADUSD as the ticker.
Canada is basically an EM like Brazil, except without the trade from the USA.
Both Canada and Brazil services sector are 70% of GDP (70% vs 73%).
Both depend on oil and resources for revenue.
Canada is basically an EM like Brazil, except without the trade from the USA.
Both Canada and Brazil services sector are 70% of GDP (70% vs 73%).
Both depend on oil and resources for revenue.
Trade active:
Looks like CAD will follow BRL.