USD/CAD: Loonie unlikely to find support as faces a number of challenges – Scotiabank USDCAD Banks Canada
“CAD-positive yield differentials earlier this year have evaporated at the short end of the curve and now stand healthily in the USD’s favour. That may not last but it is a clear impediment for the CAD right now.”
“While we think equity market trends are driving the bus in terms of the CAD trend in the short run, our correlation screens do note a strengthening in the CAD’s relationship between spreads and commodities at the moment. These factors may become more influential on the CAD’s performance if the equity market link weakens.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
USD/CAD bulls are lurking at key supportThe Canadian dollar has attempted a comeback following a resurgence in the US dollar and key events surrounding the oil market. USD/CAD is currently d
Leer más »
US Dollar Technical Trade Setups: Crude Oil, EUR/USD, USD/CAD LevelsUpdated charts on technicals setups we’ve been tracking in WTI, EUR/USD & USD/CAD. Crude Oil rebound testing first major resistance pivot. EUR/USD rally pressing yearly downtrend resistance at parity. USD/CAD reversal off uptrend resistance.
Leer más »
AUD/USD corrects to near 0.6500 as hawkish Fed bets soarThe AUD/USD pair has dropped marginally below the psychological support of 0.6500 after facing barricades around the usual resistance of 0.6520, actin
Leer más »
USD/CAD drops below 1.3600 on soft US dollar and higher oil pricesThe USD/CAD extended its losses for two-consecutive trading days, courtesy of a soft US dollar and rising oil prices, which underpinned the commodity-
Leer más »
USD/CAD sees a downside below 1.3500 ahead of US/Canada employment dataThe USD/CAD pair has turned sideways in early Asia after dropping to near the psychological cushion of 1.3500. The major is expected to surrender the
Leer más »