USD/CAD to rise above 1.35 amid a stronger USD – Danske Bank – by MSalordFX USDCAD Banks Currencies
and the rebound in oil supporting the Loonie, explained analysts at Danske Bank. They forecast USD/CAD at 1.35 in a one-month period and at 1.37 in six months.“We pencil in a higher cross driven both by a rebound in the broad dollar but also on the notion of relative monetary policy. Bank of Canada has turned to an “on-hold”-stance while we expect the Fed to deliver an additional 25bp hike. Also markets price a more aggressive cutting cycle from the Fed in H2 which we think is overdone.
. While the Canadian housing market remains a threat we still think the growth back-drop and the energy-reliance make for a much better cocktail than found in most other asset markets.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
USD/CAD climbs to multi-day peak amid tumbling Oil prices, resurgent USD demandThe USD/CAD pair catches fresh bids on Wednesday and climbs to a four-day high, around the 1.3425 region during the first half of the European session
Weiterlesen »
USD/CAD Price Analysis: Shows signs of recovery, trades above the 200-DMAThe USD/CAD advances after bottoming last Friday at around 1.3300; the pair bounces off and hovers nearby the 1.3400 figure after reaching a high of 1
Weiterlesen »
USD/CAD Price Analysis: Struggles at 1.3400, though retraces and stays above the 200-DMAThe USD/CAD rally was short-lived to just two days, but the pair remains above the 200-day Exponential Moving Average (EMA), suggesting that the neutr
Weiterlesen »
USD/CAD aims to sustain decisively above 1.3400 amid upbeat Fed rate hike betsThe USD/CAD pair is gathering strength to shift its auction above the round-level resistance of 1.3400 in the Asian session. The Loonie asset has show
Weiterlesen »
USD/CAD finds an intermediate cushion around 1.3380 ahead of Canada’s InflationThe USD/CAD pair has gauged an intermediate cushion after a gradual correction to near 1.3380 in the Tokyo session. The Loonie asset needs support for
Weiterlesen »
When is the Canadian consumer inflation (CPI report) and how could it affect USD/CAD?When is the Canadian consumer inflation (CPI report) and how could it affect USD/CAD? – by hareshmenghani Canada Inflation BOC USDCAD Currencies
Weiterlesen »