It appears the Tim Horton's / Burger-King deal has sparked a serious surge in Canadian Dollar demand.
CAD is up almost 1% today - its best daily gain since June 2012 - pushing to its highest in a month.
We suspect the momentum of the initial "tax inversion" flow merely
triggered stops and broke key technical levels (200-day moving average)
to extend the move as it seems the 'Canada as an offshore tax-haven
meme' is a bit of reach...
200-day moving average is 1.0885...
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