Overt weakness in the US Dollar has helped the Canadian become a little moreresponsive to rising metals and energy prices. Limiting the Canadian is residual fear of a banking crisis in China,as that would have a backlash into the Canadian export markets. The path of least resistance is pointing upward,but as in the Pound we think the risk and reward of being long the Canadian from current levels is unappealing.Those long the Canadian might look to bank profits on a rise above 92.00 today.
