USD/CAD's trajectory seems uncertain in the near term – RBC Economics
|Economists at RBC Economics expect the USD/CAD pair to see a range-bound movement in the coming days and weeks.
Year-end target for USD/CAD retained at 1.38
USD/CAD's trajectory seems uncertain in the near term, likely to be influenced by developments around the USD. The pair will see a range-bound movement in the coming days and weeks.
We maintain our year-end target for USD/CAD at 1.38. This forecast hinges on a mild recovery in the USD towards the end of the year.
A slowdown in the US would put downward pressure on USD/CAD, while a global downturn would likely support the pair.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.