USD/CAD to top 1.40 again in the coming weeks – TDS USDCAD Banks
“We see strong markers of support and dips in USD/CAD should be shallow. Dips into 1.36/37 should be strongly faded.” “To get CAD to strengthen will need to see a relaxation of positive USD catalysts primarily through a Fed pivot and a series of moderation in month-on-month US core CPI. Neither is happening near-term.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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