Market news
19.03.2021, 08:01

USD/CAD to soar towards the 1.26 level by the end of the month – Rabobank

FXStreet reports that Christian Lawrence Senior, Cross-Asset Strategist at Rabobank, discusses USD/CAD prospects.

“We see room for the current correction in oil to continue with around 5-7% more downside in our sights over coming sessions. This further downside in oil should translate to a retest of the 1.2575 level in USD/CAD and our base case remains a 1.26 print by the end of the month. USD remains at the mercy of real rates and equity performance which are themselves of course closely linked. We could see continued whip saw movements as the market hear more from the Fed with no fewer than seven speeches scheduled next week alone.”

© 2000-2021. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

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.

Privacy Policy

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 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

Live Chat E-mail
Choose your language / location