The higher-beta pound outperforms across the board thanks to improved risk sentiment. The recent rebound came to a halt at 0.8670 and a subsequent fall below the critical floor at 0.8570 indicates that the path of least resistance is down. This is an invalidation of the rally from early September after a two-month long consolidation. […]
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The Canadian dollar collapsed by more than 1.4% against the US dollar after Trump threatened to impose new 25% tariffs on goods from Mexico and Canada and to increase tariffs on China by 10% immediately Read more…