Flash: Fear of default peaked?

Research teams at BBH said, “The news stream is shaping the foreign exchange market in arguably a clearer way than has been the case recently”.
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USD/CAD: Backtracking on Better Equities

USD/CAD has printed a high of 1.0421 and dropped back to currently trade at 1.0389 at the time of writing ahead of a low of 1.0379.
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