The Canadian dollar may have seen its worst days, and investors should start positioning for a rebound, according to Société Générale strategist Olivier Korber.
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The Pound's run higher against the Canadian Dollar shows no signs of a letup. But surely the time has come for a temporary pullback?
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However, a shallow recovery suggests investors see risks remaining.
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The Canadian Dollar could be set for relief on indications Donald Trump will row back on his tariff war with the USA's two neigbours.
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The U.S. Dollar and Canadian Dollar were the two biggest losers in G10 FX after Canada and the U.S. entered a trade war.
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GBPCAD reached a seven-year high on Monday, but it is now screaming overbought heading into Tuesday's tariff decision.
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The Pound is on the cusp of breaking to its highest levels since 2018 against the Canadian Dollar.
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