• USD/CAD could still end the year close to 1.30 – Scotiabank

Noticias del mercado

15 septiembre 2023

USD/CAD could still end the year close to 1.30 – Scotiabank

The Canadian Dollar (CAD) has been unable to resist the broader USD advance since mid-year. Economists at Scotiabank analyze Loonie’s outlook.

Undervalued CAD looks for reasons to rise

The CAD is trading well below our forecast levels for Q3 but the currency looks undervalued from a fundamental point of view and the risk of more tightening from the BoC before year-end is perhaps higher than markets are pricing at present. 

The CAD could still end the year close to 1.30.

USD/CAD – Q3-23 1.30 Q4-23 1.30 Q1-24 1.27 Q2-24 1.27

 

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: