EUR/CAD at 1.49 opens a window on European payables.
The euro has drifted to a level that makes the next two quarters of European payables cheaper to cover than they were in June.
Sample note. Connect the Notion database to replace it with the desk’s own writing.
The euro has drifted to a level against the loonie that makes the next two quarters of European payables cheaper to cover than they were in June. Nothing dramatic has happened; the market has simply lost interest in the euro for now.
That is the kind of move a layered program is built for. One more layer at these levels, and the average rate you carry into the new year is a number your board will like.
Rates on this page are the Bank of Canada daily average for the date. Ask the desk for a dealable quote.
General market commentary from the desk, not investment advice and not an offer to trade. Rates shown are the Bank of Canada daily average for the date and are indicative only; ask the desk for a dealable quote.
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