USD/CAD: A relatively flat path – Rabobank

Notícias do Mercado

14 dezembro 2023

USD/CAD: A relatively flat path – Rabobank

USD/CAD traded up to a high of 1.3899 on November 1. Despite the decline since those highs, Loonie was the second-worst performing currency in G10 FX, only underperforming USD. Economists at Rabobank analyze the pair’s outlook.

US and Canadian monetary policy cycle to remain closely linked

We expect the US and Canadian monetary policy cycle to remain closely linked, providing somewhat limited direction for USD/CAD.

However, we expect some retracement of the recent USD weakness and further upside for oil prices in the new year. These will likely counteract each other to an extent, and as such, we expect a relatively flat path for USD/CAD.

Mexican Peso falls against US Dollar on solid US economic data ahead of Banxico decision

United States EIA Natural Gas Storage Change came in at -55B, below expectations (-54B) in December 8

O foco de 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 Conta Demo e Página Pessoal

Área pessoal

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.

Política de privacidade