• Further moderate CAD recovery potential in the medium term – Commerzbank

Noticias del mercado

21 julio 2023

Further moderate CAD recovery potential in the medium term – Commerzbank

Recently, the Canadian Dollar has been able to make up some lost ground. Economists at Commerzbank analyze Loonie's outlook.

EUR/CAD should reflect the interim EUR strength expected

We see further limited CAD recovery potential against the USD due to the robust economy and a hawkish BoC. CAD should benefit if the interest rate differential between the Fed and the BoC narrows or turns positive in the medium term. 

EUR/CAD should reflect the interim EUR strength we expect.

Source: Commerzbank Research

See – USD/CAD: Further BoC tightening could lead to a gradual decline – SocGen

 

Enfoque del mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: