Greece is not the real risk. The real risk is the EU losing further members and experiencing further defaults down the line which has fully exposed the theoretically sound idea of the Euro and the Eurozone experiment as being unsustainable from a pragmatic view. With investors rattled globally, they will pile into safe-haven currencies.
CHFCAD looks attractive and I have short-term bullish stance. CAD looks to stay weak against the majors, with Canada's 1.1m avg housing price and a dual family income of only 80k in Ontario, sharp decline in crude, a rather unpredictable Poloz, a further rate cut to 0.50 bps does not seem far away.
CHFCAD looks attractive and I have short-term bullish stance. CAD looks to stay weak against the majors, with Canada's 1.1m avg housing price and a dual family income of only 80k in Ontario, sharp decline in crude, a rather unpredictable Poloz, a further rate cut to 0.50 bps does not seem far away.