The Traderszone Network

Published in TZ Latest News 30 August, 2017 by The TZ Newswire Staff

BofAML: What’s the trade in commodity FX?

Bank of America Merrill Lynch recommends going long USDCAD
CAD strength will become a bigger concern for the BoC with the trade balance deteriorating sharply
Also, mentions that the “AUD real effective exchange rate is close to fair value” while the “RBNZ is likely to maintain its stance that a lower NZD exchange rate is needed, but