FX:AUDCAD   Australian Dollar/Canadian Dollar
18 1 2
Friday's Canadian unemployment number should confirm the widening gap between Canadian macro and Aussie macros..... Audcad             to 1?
Comment: Macros remain the same...Canadian economy weak vs Australia...Audcad should struggle near 1.02 although 1.05 is very doable
Oil soft ...but that's not what is impacting Canada...low energy prices will provide Asia with a boost in energy ..cheap energy. This support Australia vs Canada on a macro lvl... Canada..is 100% dependent on US of A.....Australia will benefit from a growing Asian population and growth ...AudCAD back to 1...maybe 1.03 over..../Canadian tourist staying home this summer ...
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