The Canadian Dollar (CAD) has eased back somewhat in the early part of the new year after rallying significantly into the end of 2023. Economists at Scotiabank analyze Loonie’s outlook.
The Canadian Dollar (CAD) has eased back somewhat in the early part of the new year after rallying significantly into the end of 2023. Economists at Scotiabank analyze Loonie’s outlook.
CAD expected to rebound in Q2/Q3
Headwinds for the CAD remain in the form of negative spreads versus the USD and soft commodity prices at present.
Near-term, CAD losses may extend a little further but the 1.3500/1.3600 zone may offer some (technical) value for the CAD.
Seasonality turns CAD-positive in Q2/ Q3, lower rates globally in the months ahead will be positive for risk appetite (and, by extension, for the CAD).
We expect the Fed to cut rates more aggressively than the BoC through 2025 which should result in a CAD-supportive compression in term yield spreads in the months ahead.
Headwinds for the CAD remain in the form of negative spreads versus the USD and soft commodity prices at present.
Near-term, CAD losses may extend a little further but the 1.3500/1.3600 zone may offer some (technical) value for the CAD.
Seasonality turns CAD-positive in Q2/ Q3, lower rates globally in the months ahead will be positive for risk appetite (and, by extension, for the CAD).
We expect the Fed to cut rates more aggressively than the BoC through 2025 which should result in a CAD-supportive compression in term yield spreads in the months ahead.
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
더 오래된 의견은 없습니다. 소파를 가장 먼저 잡으십시오.