Usd/cad

Given the issue the rest of the comdols are having, you two are taking a sizeable risk with the CAD. It could be waiting to play catchup with the NZD and AUD.
 
I disagree, its not the same geopolitically. I think it is stuggling aground the 1.17 level. Should get to 1.158.
I would say GBP would be the next in the line after NZD, AUD in terms of a sub 1.70 for starters.
 
the diff between aud/nzd and cad is aud/nzd economies are
going south expect lower int rates. Cad economy is full steam
ahead with higher rates expected.

Once aud/nzd stabilize which i expect next week, i think
$/cad will fall.




Quote from Ivanovich:

Given the issue the rest of the comdols are having, you two are taking a sizeable risk with the CAD. It could be waiting to play catchup with the NZD and AUD.
More...
 
Concerning $/CAD here is the extract from BoC statement:

"Recent data do not alter the Bank's outlook for growth and inflation, including its assessment of risks, as set out in the January Update. Consistent with this view, some modest further increase in the policy interest rate may be required to keep aggregate supply and demand in balance and inflation on target over the medium term."

...some modest further increase.

...the next move is for FOMC.
 
Quote from gwac:

the diff between aud/nzd and cad is aud/nzd economies are
going south expect lower int rates. Cad economy is full steam
ahead with higher rates expected.

Once aud/nzd stabilize which i expect next week, i think
$/cad will fall.
More...

I agree with your commentary on AUD/NZD and the $/Cad. Just not the "why" behind it. That's the press's story.
 
Currencies move in a direction of least resistance.

The story is used as justification and to continue the process in the future.

Quote from Ivanovich:

I agree with your commentary on AUD/NZD and the $/Cad. Just not the "why" behind it. That's the press's story.
More...
 
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