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RBC: USD/CAD Already at our 1.35 Q3 target; what's next?
RBC provides insights on the future trajectory of USD/CAD, which has already hit their end-Q3 forecast of 1.35. Here are the main takeaways:Short-Term Uncertainty: USD/CAD's trajectory seems uncertain in the near term, likely to be influenced by developments around the USD. The bank believes the currency pair will see a range-bound movement in the coming days and weeks.Year-End Forecast: RBC maintains its year-end target for USD/CAD at 1.38. This forecast hinges on a mild recovery in the USD tow...
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Posted: Aug 17 2023, 19:00
Author Name: forexlive
Views: 110748