RSS CAD: A few more months until the turnaround – Commerzbank

Currently reading:
 RSS CAD: A few more months until the turnaround – Commerzbank

Status
Not open for further replies.

Crax Bot

Staff member
Administrator
Amateur
LV
0
Joined
Nov 5, 2021
Threads
6,209
Likes
1,916
Credits
32,769©
Cash
0$
Given the combination of further rate cuts, a still-weak real economy, risks from US tariffs and a strong US Dollar (USD), expect the Canadian Dollar (CAD) to continue to struggle for several months, Commerzbank’s BoC is expected to end the cut cycle for the time being “In the meantime, we are even trading slightly above our expected peak of 1.41 in the first quarter of 2025 with USD/CAD at 1.42.
 
Status
Not open for further replies.
Tips
Top Bottom