CD has been spinning its wheels at par for ages now, just above and below. It tracks the SPX direction well and is viewed as a commodity currency. So if the market sells off with the "sell in May and go away" theory it will likely do the same. The uptrendline is at 99.25 presently. A more volatile commodity currency that will move faster in both directions is the Aussie Dollar and is a more trending type currency to trade than CD which depends much on exports to the U.S. of all kinds along with commodity prices. And Canada and the U.S. keep interest rates much the same so the currency will often lack movement. But the Aussie Dollar is highly leveraged to China to also sell commodities to and general economic activity. And they just lowered their interest rates which signals a slow down in activity with China.