Forex Flash: USD/CAD bias leads lower – OCBC Bank
Forex pairs in this Article »
USD/CAD
FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that the prevailing forecast for USDCAD is for a drift lower as a result of the relative difference in posture between the BoC and the Fed.
He writes, "Again, we are also in agreement, especially if the global economic recovery continues to gain traction. Note however the implication from the poll results indicating diverging fortunes between the CAD and the AUD against the USD - implying a breakdown of correlations amongst the growth/cyclical currencies.
He writes, "Again, we are also in agreement, especially if the global economic recovery continues to gain traction. Note however the implication from the poll results indicating diverging fortunes between the CAD and the AUD against the USD - implying a breakdown of correlations amongst the growth/cyclical currencies.
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