The USD\/CAD pair is trading at 1.3446 at the time of writing, it is therefore higher by some 0.41%. the pair has travelled lower over the last month driven by the broad-based setback to the US dollar and the rebound in oil supporting the Canadian counterpart. Analysts forecast USD\/CAD at 1.35 in a one-month period and at 1.37 in six months.<\/p>\n\n\n\n
The US dollar\u2019s rebound is one important factor, plus the notion of relative monetary policy. Bank of Canada has turned to an \u201con-hold\u201d stance while traders expect the Fed to deliver an additional 25bp hike. Markets price a more aggressive cutting cycle from the Fed in H2 which we think is overdone.<\/p>\n\n\n\n
Broader USD strength for the year ahead supports the idea that the Canadian dollar is in a relatively strong position compared to peers which limits the topside potential in the USD\/CAD pair. While the Canadian housing market remains a threat, analysts still think the growth back-drop and the energy-reliance make for a much better cocktail than found in most other asset markets.<\/p>\n","protected":false},"excerpt":{"rendered":"
The USD\/CAD pair is trading at 1.3446 at the time of writing, it is therefore higher by some 0.41%. the pair has travelled lower over the last month driven by the broad-based setback to the US dollar and the rebound in oil supporting the Canadian counterpart. Analysts forecast USD\/CAD at 1.35 in a one-month period …<\/p>\n","protected":false},"author":13,"featured_media":70532,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6991,6885,8496,7015],"class_list":["post-83057","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-bank-of-canada","tag-fed","tag-tightening-monetary-policy","tag-usd-cad"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/83057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=83057"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/83057\/revisions"}],"predecessor-version":[{"id":83058,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/83057\/revisions\/83058"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/70532"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=83057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=83057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=83057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}