Big FX swings as the hours count down on 2023 trading

<p>Someone has a Canadian dollar order that needs to be filled before the turn of the year.</p><p>The loonie is soaring today on steady bids despite a deterioration in risk sentiment. There's no data out of Canada and the oil market isn't doing much today so this is purely a flow-driven move. We're seeing some other ones as well, which is what you would expect at this time of year.</p>

This article was written by Adam Button at www.forexlive.com.