However, their carry trading activity less likely will pressure USDCAD to revisit her currentlower ceiling 1.3100
At such, the current short/sell of NDUSD, AUDUSD, GBPUSD, EURUSD and the long/buy on the USDCAD, USDJPY and USDCHF will resume to follow their medium term exchange rate target zone trends.
However, risk remains to be seen from JPY and CHF carry traders but at lesser impacts on the prices.
The risk on the long/buy hedged by placing long on USDJPY for similar portfolio and to allow the USDCAD to volatile until the USD to be strengthened back to CAD by their interest rate differential.
The Fed policy to delay interest rate hiking at current US global trade negotiation seem is endorsed by the Fed to support the US trade policy.