By Rob Samson

The Canadian dollar runs riot; USD-CAD stop-losses run lower… and lower.

However, Friday afternoon in London sees the CAD starting to give back some ground. We have noted that the carry trade is back in favour with the likes of higher-yielding nations such as Canada benefiting from fresh inflows.

The continuation of these inflows will be key to determining exchange rate values through the rest of today and indeed into next week.