CAD: How low can it go? - TDS

FXStreet (Guatemala) - USD/CAD has risen to its highest level since 2009 this morning as crude oil prices continue to slide.

"Against a backdrop of a stronger USD and sliding commodity prices, we are in danger of seeing our 2015 forecasts for USD/CAD realized much sooner than expected".

"But there is little to suggest that the CAD weakness is over-stretched or out of line with fundamentals at the moment, which suggests the risk of an “overshoot” early next year cannot be ignored".