USD/CAD still sliding away, will we see a bearish Friday?...

The overarching theme continues to be a sliding dollar; hopes of fiscal largesse are building after US President-elect Biden said that the bipartisan proposals on stimulus "wouldn’t be the answer" and were merely a "down payment", hinting that the incoming President may be inclined to inject over USD 900bln+ the group of lawmakers has proposed. Even if a deal cannot be struck in the lame-duck session, the expectations have returned that a Biden administration will unleash a fiscal force of some size. That has allowed the USD downside to gather momentum despite the dollar being in deep technically oversold territory. Dollar rebounds are proving to be fleeting in recent trade, with some desks talking about the 'sell on rallies' playbook for the Greenback.