Canada dlr has become more resilient to risk-RBC

(Reuters) - When uncertainty over the U.S. economy -- where the bulk of
Canada's exports go -- or the global economic outlook
increased, the Canadian dollar would tend to drop as a flight
to quality would offer a boost to the U.S. dollar.




But David Watt, a senior currency strategist at RBC Capital
Markets, said the currency remains a pro-cyclical, commodity
sensitive currency, yet the U.S. greenback's tendency to rally
during periods of heightened risk has diminished.


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