USD/CAD: Loonie prospects to improve by mid-year – CIBC

USD/CAD: Loonie prospects to improve by mid-year – CIBC USDCAD BOC Fed Canada Banks

Loonie could stay under a bit of pressure in the near term

“By June, we still expect to see enough evidence of a cooling in US growth and inflation to have markets looking past the end of a US tightening cycle, a development that should put the“With global growth likely to receive a lift as central banks outside of North America also start to cut policy rates towards neutral, and higher commodity prices benefitting Canada’s export sector, look for USD/CAD to reach 1.28 in 2024.

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