- USD/CAD: Loonie’s prospects unexcited – ING
Notícias do Mercado
16 janeiro 2024
USD/CAD: Loonie’s prospects unexcited – ING
The rebound in the Dollar has taken USD/CAD back above the 1.34 mark. Economists at ING analyze the pair’s outlook.
BoC to follow Fed’s dovish turn
Incoming US data should continue to be a key driver for CAD in the crosses, given its high correlation with US economic sentiment.
The Bank of Canada meets on 24 January, and we see a high chance that it will follow the Fed in signalling rate cuts by year-end, thus dropping its tightening bias.
We remain unexcited about CAD’s prospects, and some benefits from residual resilience in US data may be offset by a more dovish BoC.
USD/CAD – 1M 1.35 3M 1.35 6M 1.33 12M 1.28
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 disclaimerAbrir Conta Demo e Página Pessoal