George Davis Bit Quotations

I think in general what we have seen is a little bit of profit-taking,

I think we've seen a little bit of a Canadian dollar rally on some of the crosses, so that's been a benefit, and there's been some corporate interest to sell the U.S. dollar (versus Canada) in a fairly thin market.

I think there's a little bit of concern that we might see oil prices back up above $70 and as a result of that, I think there is a little bit of a positive spin for the Canadian dollar.

It doesn't get any easier. I wish this thing would have a little bit of a corrective bounce, and I could relax a little bit, but it's not happening here.

We saw not much of a reaction to the Canadian data, but a little bit of a pop after the U.S. data came out, but on balance we haven't really moved.

There's been a little bit of corporate and cross interest to buy the Canadian dollar, which appears to have had a little bit of an impact, and I think the market was focusing on support that was very close to 1.17 (85.47 U.S. cents).

It seemed to be a little bit more of profit-taking and short-covering ahead of tomorrow's interest rate announcement than anything else.

That seemed to change the texture of the market, given that the accompanying statement from the bank was a little bit more on the hawkish side of expectations.