Most honest no longer too prolonged within the past, USD/CAD has largely trended upwards. But economists at Commerzbank discover about moderate upside likely for the Loonie.
US debt ceiling row versus payment hike expectations
“CAD is unable to withhold up; and clearly the unsure of the row about the debt ceiling is having a much bigger slay than the rising payment expectations for Canada (stronger in comparison with the US).”
“From our level of seek info from this entails moderate likely for further CAD restoration against USD as soon because it turns into sure that an settlement can even be reached at the last minute.”
“It could possibly’t be excluded that the market will additionally discover about the next likelihood of a Fed payment hike after the US debt war is resolved, nonetheless CAD must at least be properly supported against a Buck which stays in legal demand.”
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