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Goldman Sachs: The rationale For staying short EUR/CAD targeting 1.42

Goldman Sachs: The rationale For staying short EUR/CAD targeting 1.42
Goldman Sachs maintains its recommendation for a short position in EUR/CAD with a target of 1.42 and a stop at 1.50. The rationale behind this trade is largely based on the resilience of the U.S. economy and the potential for upside in the Bank of Canada's monetary policy.Key Points:Strategic Focus: Goldman Sachs is focused on tactical, relative value opportunities that are likely to be resilient against further volatility in the U.S. dollar.Pair Selection: EUR/CAD is the preferred G10 currency... Read More
Posted: Sep 1 2023, 19:10
Author Name: forexlive
Views: 110235

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