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The CAD/USD pair would be a counterexample to your theory. Our economies are pretty strongly linked, and usually CAD is about .75 USD, but it's gone as low as
by jedberg 4y ago
The CAD/USD pair would be a counterexample to your theory. Our economies are pretty strongly linked, and usually CAD is about .75 USD, but it's gone as low as .60 and as high as 1.05 (although interestingly it almost always heads back down if it hits 1.0).