USD/CAD set to advance nicely toward 1.39 – Danske Bank USDCAD Banks
“We still pencil in a stronger USD which alongside a broad tightening of global financial conditions should act as a supportive factor for the cross. That said, if we are right that energy as sector will be among the winners in the coming years that does leave some attractive properties of a long CAD position.”
“While our USD/CAD profile still points higher we think there’s a good downside potential in EUR/CAD.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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