EUR/CAD: The Bearish Channel Will Hold
The euro has been falling quite consistently against the Canadian dollar since March 2018. Although the bond market has priced in a short-term yield differential that is more pessimistic than what central bank rates would alternatively indicate, the pair remains in a negative-carry position. This negative carry is deep (safely under -2% if …
News story posted on 2019-11-24T16:46:00.0000000Z
