Note

USD/CAD SET TO MOVE ABOVE 1.4000 IN THE SECOND HALF OF THE YEAR – NBF

amking
· Views 28




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.

 


Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

No comment on record. Start new comment.

Content related