USD/CAD to maintain the 1.27/1.31 range, but the bias remains to the upside – TDS

FXStreet Insights Team FXStreet

USD/CAD remains in a range. Economists at TD Securities expect the pair to continue trading between 1.27 and 1.31 with a slight bias to the upside.

BOC rate hikes start to rattle the housing market

“USD/CAD should continue to maintain the 1.27/1.31 range in the short-term. The bias, though, remains to the upside, especially as BOC rate hikes start to rattle the housing market and risk appetite remains shaky.”

“We also downplay the importance of the oil factor given limited longer-term investment implications.”

“While the consensus view around USD/CAD seems less varied than other pairs, we're generally more bearish CAD in the months ahead.”

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FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

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