Discussion on unwinding a CAD trade due to higher energy prices and outflows of short CAD expected to support the currency. The trade was initially paid at 1109k, with an indicative unwind level at 5136k, suggesting a 127k gain. Nay Gupta provides an update on the USDCAD, noting higher commodity prices and CAD 2y swap rates, making CAD more bullish than expected.
doj/DataSet10/EFTA01452854.pdf
{"key_people":["Tazia Smith","Nay Gupta","Vinit Sahni"],"document_date":"2014-03-05","document_type":"correspondence","key_organizations":["Deutsche Bank","DB WM FX Trading"]}