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6 Aug 2015
USD/CAD upside remains intact – Westpac
FXStreet (Edinburgh) - In the view of Strategist Richard Franulovich at Westpac, there are no immediate threats to the current upside in the pair.
Key Quotes
“No reason to fade the up-move in USD/CAD, as mature as it might feel, especially with oil prices trading poorly – and likely to continue to do so as long as US supply adjustment remains lacking - and with markets still underplaying risks of additional BoC easing (50% probability a cut according to OIS markets by year’s end)”.
Key Quotes
“No reason to fade the up-move in USD/CAD, as mature as it might feel, especially with oil prices trading poorly – and likely to continue to do so as long as US supply adjustment remains lacking - and with markets still underplaying risks of additional BoC easing (50% probability a cut according to OIS markets by year’s end)”.