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US Canadian Dollar Tech Outlook: "USD/CAD Will Fall More Slowly Towards 1.30" Say Natixis

From exchangerates.org.uk

The US Dollar (USD) tested a three-week high against the Canadian Dollar (CAD) on Thursday as USD strength resumes on currency markets. At the time of writing, the US Canadian Dollar (USD/CAD) exchange rate is seen trading at 1.3299, extending recent gains. In the coming months, however, analysts at Natixis suggest the Canadian Dollar could appreciate against a backdrop of a weak US dollar, strong oil prices and a robust Canadian economy. The forecasters expect USD/CAD to "fall more slowly towards 1.30." In their recent analysis, currency strategists at Natixis, share an upbeat outlook for the Canadian dollar ... (full story)

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  • Category: Fundamental Analysis