- Analytics
- News and Tools
- Market News
- USD/CAD to trade within the 1.26-1.29 range in February – Mizuho
USD/CAD to trade within the 1.26-1.29 range in February – Mizuho
FXStreet reports that analysts at Mizuho Bank discuss USD/CAD prospects.
“Some observers say the vaccine roll-out has been delayed, but if a structure is put in place soon and vaccines are steadily implemented, then domestic economic growth could recover to pre-pandemic levels by the end of 2021. With the markets swinging between risk aversion and risk appetite on the covid situation, it seems WTI prices will continue trading around $40-50/barrel. Various countries will undergo economic recoveries in the medium-term, so WTI prices are unlikely to collapse, with the USD/CAD pair also set to continue trading below 1.30. The Bank of Canada will probably maintain its current pace of quantitative easing. This is another reason why the USD/CAD pair will broadly move between 1.26-1.29.”
© 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
