Yeah, "stop hunting".....it easier to explain such move like I said rather than wondering who and why has moved it down...
It's all Spec and Model funds. Trying to push momentum as far as they can go. Canadian corporate and US banks were buyers today. You know Canadian corporates aren't enjoying this move. I wouldn't be surprised if the BoC begins to show caution and talk up some verbal "intervention" on their currency. It's not just against the USD (their primary trading partner) but it's against every other pair as well. Multi year highs are not good.