Trading USD/CAD on Iraq - TD Securities

FXStreet (Guatemala) - Shaun Osbourne, Chief FX Strategist at TD Securities notes the implications of the tensions in Iraq.

Key Quotes

"Both the decline in US Treasury yields and higher crude oil prices should put USD/CAD under pressure in the short-term. If the violence escalates and the conflict lingers, then concerns about its potential impact on the global economy would harm commodity prices in general, with a detrimental impact on CAD."