• USD/CAD to ease toward 1.30 by year-end – Scotiabank

Noticias del mercado

26 julio 2023

USD/CAD to ease toward 1.30 by year-end – Scotiabank

The Canadian Dollar (CAD) has strengthened modestly since the start of June, rising some 2% against the generally weaker USD. Economists at Scotiabank analyze USD/CAD outlook.

An overshoot to the 1.28 area is not to be excluded as a risk in Q3

We anticipate the peak in the global tightening cycle will give risk appetite a broad lift in the months ahead, which should add to CAD tailwinds.

We anticipate some modest improvement in the CAD versus the USD over the second half of the year and continue to target USD/CAD easing to 1.30 by year-end. 

An overshoot to the 1.28 area is not to be excluded as a risk in Q3.

 

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: