"Canada benefits from the improved growth outlook in the US, even if uncertainties as to the implications of the Trump victory for US-Canadian trade relations have risen markedly. The Bank of Canada left rates unchanged at the December meeting and our base case remains unchanged rates over the next 12M, even if the probability of a H2 17 hike has increased.
With the outlook of near-term USD strength and the risk of a setback in oil prices, we still see risks skewed towards a higher USD/CAD over the coming months.
We forecast the cross at 1.35 in 1M (previously1.36), 1.34 in 3M (unchanged), 1.30 in 6M (unchanged) and 1.28 in 12M (unchanged)".
Copyright © 2016 Danske, eFXnews™
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.