5 Sep 2013
Flash: USD/CAD to see correction towards 1.0400 – Westpac
FXstreet.com (Lisbon) - Sean Callow, a Global FX Strategist at Westpac analyzes the short-term outlook of the USD/CAD.
Key quotes
“The USD/CAD’s medium-term trend remains intact although a near-term corrective dip is expected towards 1.0400.”
“The BOC yesterday maintained its mild tightening bias but the start date is unlikely to be earlier than late 2014. Inflation remains subdued and domestic demand has been hampered by global uncertainty.”
Key quotes
“The USD/CAD’s medium-term trend remains intact although a near-term corrective dip is expected towards 1.0400.”
“The BOC yesterday maintained its mild tightening bias but the start date is unlikely to be earlier than late 2014. Inflation remains subdued and domestic demand has been hampered by global uncertainty.”