- Analytics
- News and Tools
- Market News
- USD/CAD: Downside prospects unattractive n-term - Credit Suisse
USD/CAD: Downside prospects unattractive n-term - Credit Suisse
eFXdata reports that Credit Suisse likes selling USD/CAD on rallies into 1.29 over the coming weeks.
"While we remain medium-term constructive on CAD and hold a 3m 1.2550 USDCAD target, BoC policy risks and US environmental policy unknowns make tactical near-term USDCAD downside prospects unattractive expressions of a pro-risk view in FX space...This particularly applies over the course of this month as the US policy agenda starts to take form in earnest," CS notes.
© 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.
Bank transfers
