As the global economy gears down through the dog days of summer, the US dollar is bid and commodities wobbling once more. This chart of the Canadian dollar versus the greenback suggests a similar pattern may be in the offing in the second half (2H) of 2016 as we saw last year. We have been expecting weakness in risk assets to resume and will soon find out if that is the case. The loonie is a useful barometer to watch.
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