Risk event for the week starting Monday 17 May: USD/CAD

With the markets short on any big scheduled single events next week, Daily FX’s Justin McQueen looks at a trend worth following into next week. His choice is the commodity currency Canadian dollar against its US counterpart: USD/CAD.

He also looks at a chart of Brent compared to the FX pair to prove his point that the Candy is likely to continue rising as long as there is strength in the oil market.

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