- CAD typically does well in July but has struggled badly in recent years in August – SocGen
Market news
7 July 2023
CAD typically does well in July but has struggled badly in recent years in August – SocGen
The Canadian Dollar was among the best three currencies in G10 in the first half of the year. Economists at Société Général analyze USD/CAD outlook.
CAD to enjoy a gradual appreciation to 1.28 against the USD over 12 months
We remain upbeat on the outlook for the CAD and forecast a gradual appreciation to 1.28/USD over 12 months.
The Canadian Dollar typically does well in July but has struggled badly in recent years in August.
See – USD/CAD: Drop unlikely to continue – MUFG
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