USD/CAD to revert lower towards 1.2700/50 range – OCBC
|USD/CAD has moved above the 1.28 level. However, economists at OCBC Bank expect the pair to revere back lower towards the 1.2750/00 zone.
Unlikely sustained upside amid elevated commodity prices
“Sustained upside is not our base case, especially with the commodity complex elevated.”
“Expect the pair to revert lower towards 1.2700/50 range.”
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