- USD/CAD can break below 1.30 as early as this summer – ING
Market news
13 June 2023
USD/CAD can break below 1.30 as early as this summer – ING
Economists at ING expect the USD/CAD pair to trade considerably lower.
USD/CAD can end the year closer to 1.25 than 1.30
A softening in the US Dollar can easily trigger a break below 1.30 as early as this summer.
We still expect a negative re-rating in US growth expectations later this year to hit the highly exposed CAD more than other pro-cyclical currencies, but the coincident drop in USD means that the USD/CAD pair can end the year closer to 1.25 than 1.30.
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