RSS CAD steadies but retains a weak bias – Scotiabank

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 RSS CAD steadies but retains a weak bias – Scotiabank

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The Canadian Dollar (CAD) is little changed in overnight trade. Factors driving the CAD lower this week have moderated and the USD remains quite significantly overvalued relative to my short-term equilibrium estimate (1.4280 today), Scotiabank’s Chief FX Strategist Shaun Osborne reports.
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