- Analytics
- News and Tools
- Market News
- USD/CAD to stay rangebound in the short term before a USD decline emerges – ING
USD/CAD to stay rangebound in the short term before a USD decline emerges – ING
USD/CAD has declined below the 1.3500 level. Economists at ING anlayze the pair’s outlook.
USD/CAD to head towards the 1.3000 mark in the second half of 2024
The persistence of CAD’s correlation to US data and the strict link between Fed and BoC policy expectations means the room for a major break in either direction in USD/CAD does not seem very likely.
We expect it to keep trading in a 1.3400/1.3600 range in the coming weeks before a clearer USD downtrend starts to emerge from the second quarter onwards and takes the pair towards the 1.3000 mark in the second half of 2024.
© 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
