Canadian dollar futures dealers attribute recent sideways moves

Dealers attribute recent sideways moves to cross-border economic data alignment, especially with U.S. interest rate expectations shifting after dovish Fed commentary. See our latest analysis for Canadian Pacific Kansas City. This document has been prepared solely for information purposes and is not an offering memorandum or any other kind of an offer to buy or sell or a solicitation of an offer to buy or sell any security, instrument or investment product or to participate in any particular trading strategy. It is not intended and should not be taken as any form of advertising, recommendation, investment advice or invitation to trade. This information is confidential and for the use of the intended recipients only. The distribution of this document in the Canadian jurisdictions listed above is restricted to recipients that are qualified parties. This document may not be reproduced, redistributed or copied in whole or in part for any purpose without our prior written consent. Each recipient confirms its express wish that all documents evidencing or relating to the sale of the securities and all other related contracts and documents be drafted in the English language. Chaque personne ayant reçu ce document confirme sa volonté expresse que tous les documents attestant de la vente des titres ou s'y rapportant ainsi que tous les autres contrats et documents s’y rattachant soient rédigés en langue anglaise. Canadian dollar futures dipped to 0.7345 amid broad-based strength in safe-haven currencies. This comes ahead of critical U.S. retail sales data, which could prompt reactive shifts in North American currency spreads.