USD/CAD flat at 1.4250 today
Morgan Stanley maintains a long USD/CAD position in its strategic
portfolio. The trade entered after NY close on November 19, 2015 from around
1.3287, with an initial target at 1.40 and an initial stop at 1.3050. MS made a
series of adjustments to the trade’s stops (1.3930 last) and targets (1.45
last).
