- Analytics
- News and Tools
- Market News
- USD/CAD set to climb towards 1.41 by end Q4 – Credit Suisse
USD/CAD set to climb towards 1.41 by end Q4 – Credit Suisse
Further CAD weakness is likely if the inflation data slowdown is confirmed – economists at Credit Suisse now see USD/CAD at 1.4100 by the end of Q4.
Markets eye an early end to Bank of Canada tightening
“Markets now anticipate the BoC to hike rates at the next two meetings and start easing as early as Q1 2023. If the BoC were to validate this shift in expectations, USD/CAD price action would likely become mainly a function of US yields. Conversely, pushback from the BoC against the early priced in end to the tightening cycle can bring local idiosyncrasies back to the fore in USD/CAD. This calls for a wide range approach: we see USD/CAD trading between 1.3250 and 1.4300 in Q4.”
“Uncertainty about BoC policy and high realized sensitivity to risk sentiment lead us away from the resilient CAD view we held in Q3: we now see USD/CAD ending Q4 around 1.4100.”
© 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
