OctaFX | OctaFX Forex Broker
Open trading account
Back

USD/CAD: A bounce-back for the loonie – NBF

Strategists at the National Bank of Canada are banking on a recovery for the Canadian dollar after the loonie had its worst month since one year ago. 

Key quotes

“The Canadian dollar’s 2% depreciation against the U.S. dollar in January was the loonie’s worst monthly performance since December 2018.”

“We remain skeptical of the need to push Canadian real interest rates further into negative territory. If we’re correct about the Bank of Canada holding rates unchanged through 2020, that could give a boost to the loonie considering markets are currently pricing at least one rate cut before year-end.” 

“We have pushed to Q2 our target of 1.28 for USD/CAD.”

 

EUR/USD: Woes at Eurozone to drop the pair this year – NBF

Strategists at National Bank of Canada are wagering to a drop in the EUR/USD pair by the end of the year, following economic data from the Eurozone wh
Read more Previous

US: Nonfarm payrolls well above the consensus – TDS

Currency markets have been very well-behaved following the release, although economists at TD Securities do not see a compelling reason that it would
Read more Next
Start livechat