FXStreet reports that economists at ING Bank expect the USD/CAD pair to slide below 1.26

“Idiosyncratic factors are contributing to put a floor below CAD: the improved outlook for the US economy (thanks to encouraging economic data and vaccination figures), on which Canada heavily relies on, and WTI staying around$60/bbl, despite Thursday’s short-lived sell-off. Considering those factors, adding the global recovery narrative and the USD facing fresh pressure, we think the time is ripe for USD/CAD to move below 1.2600 – a support that has so far held well.