- USD/CAD set to move above 1.4000 in the second half of the year – NBF
Market news
14 tháng 3 2024
USD/CAD set to move above 1.4000 in the second half of the year – NBF
The Loonie’s recent appreciation has been tepid considering the overall weakness of the US Dollar. In essence, the CAD has been the weakest of the strong over the past month. Economists at the National Bank of Canada analyze USD/CAD outlook.
Restrictive monetary policy in Canada can no longer be justified
The restrictive monetary policy in Canada can no longer be justified.
As we continue to believe that rate cuts will be more aggressive on this side of the border, we still see USD/CAD moving above 1.4000 in H2 2024.
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