USD/CAD has reached our end of year target of 1.40 and we fully expect the pair to reach the 1.42 level we highlighted for Q1, Rabobank’s FX analysts Molly Schwartz and Christian Lawrence note. USD/CAD likely to reach 1.46 next year “That said, given two main drivers we outline below, we now expect further extension […]
Canada Housing Starts s.a (YoY) above expectations (239K) in October: Actual (240.8K) Source link
USD/CAD strengthens as the US Dollar appreciates due to optimism surrounding the Trump trades. The implementation of US President-elect Donald Trump’s proposed fiscal policies could delay further rate cuts by the Fed. The commodity-linked CAD weakens as Oil prices decline following OPEC’s lowered forecast for global Oil demand growth in 2024. USD/CAD moves upwards for […]
The USD/CAD pair may find the barrier around the upper boundary of the ascending channel at the 1.3870 level. The 14-day RSI signals an overbought condition, suggesting that a potential downward correction could be on the horizon. Potential support appears at the lower boundary of the ascending channel around the 1.3770 level. USD/CAD continues its […]
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The Canadian Consumer Price Index is expected to lose some traction in June. The BoC reiterated that inflation is heading towards the target. The Canadian Dollar remains stuck within the 1.3600-1.3800 range vs. the US Dollar. Canada is set to reveal the latest inflation data on Tuesday, with Statistics Canada publishing the Consumer Price Index […]
