EFTA Document EFTA01449346

16 May 2013 FX Blueprint: Dashing Buck Theme P4: Solid Bloc • The key US data suggest CAD's external backdrop remains supportive, as do Canada's commodity prices, and fears on Canadian housing are likely overdone. We maintain our recently entered CAD/JPY long. Having recently exited our long-held bullish AUD/CAD and NZD/CAD views from our previous Blueprint we now also go short NZD/CAD. ▪ With AUD looking to have clearly overshot to the downside we do not enter AUD/CAD shorts at thi