Canadian Dollar Constrained Near Term – NBC Analysts
National Bank of Canada analysts note the Canadian dollar is caught between improving domestic growth and a challenging external backdrop, with USD/CAD recently rising above 1.42 and forecasts easing to 1.33 by Q2.
USDCAD
National Bank of Canada (NBC) strategists Stéfane Marion and Kyle Dahms describe the Canadian dollar (CAD) as constrained in the near term, balancing stronger domestic economic growth against persistent external headwinds.
USD/CAD recently traded above the 1.42 level. The analysts project the pair will ease to 1.33 by the second quarter, implying a gradual appreciation of the loonie.
Source: FXStreet Forex News