USD/CAD fell off of a cliff on Monday as the oil markets heated up. The comments of extended low rates by Ben Bernanke did nothing positive for the Dollar, and as a result we find that the stock markets, futures markets, and currency markets all went risk-on.
The GBP/USD is approaching the 1.60 level, and by the looks of things - we could see a breakout. This pair will continue to follow the indices around the world, and with cheap money, it looks as if we are going to see both stocks and this pair higher.
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