- USD/CAD: Loonie could strengthen modestly to 1.3200 by year-end – BMO
Market news
8 tháng 2 2024
USD/CAD: Loonie could strengthen modestly to 1.3200 by year-end – BMO
USD/CAD has settled in the mid/upper 1.3400s. Economists at the Bank of Montreal analyze the pair’s outlook.
CAD is unlikely to take flight
The Canadian Dollar (CAD) remains boxed in a narrow, depressed range.
Given the country's poor economic and productivity performance, CAD is unlikely to take flight. However, assuming the trade-weighted Greenback continues to retreat from earlier record highs, the Loonie could strengthen modestly to 1.3200 by year-end.
See – USD/CAD: A final leg of Loonie weakness in the coming quarter – CIBC
Market Focus
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 disclaimerOpen Demo Account & Personal Page