CANADA FX DEBT-C$ hits 6-week low as COVID-19 sparks ‘tsunami of risk aversion’

CANADA FX DEBT-C$ hits 6-week low as COVID-19 sparks ‘tsunami of risk aversion’

September 23, 2020

“A second wave of coronavirus infections in a number of major economies has unleashed a tsunami of risk aversion,” said Karl Schamotta, Chief Market Strategist at Cambridge Global Payments. “Traders are selling economically sensitive currencies like the Canadian dollar.”

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