USD/CAD to rise over the next months on Fed tightening - Danske Bank By MSalordFX USDCAD Fed Banks
“We believe that CAD on a longer-term strategic basis will face support from elevated commodity prices and rising demand for buying inflation protection – which Canadian markets deliver. Meanwhile, short-term we are still worried that global recession risks could lead to a setback to risk and by extension also deliver a hit to risk sensitive assets incl. CAD.
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