USD/CAD is challenging, still without taking out the 1.3600 level. Economists at HSBC analyze the pair’s outlook ahead of the Bank of Canada (BoC) meeting.
USD/CAD is likely to continue its choppy sideways path in the coming weeks
The March Bank of Canada (BoC) meeting is unlikely to be a game changer for the CAD, with the recent decline in inflation likely to be welcomed but without signalling any immediate appetite for a cut.
Across rates, Oil and risk appetite, the lack of a clear driving trend suggests USD/CAD is likely to continue its choppy sideways path in the coming weeks.
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