- Analytics
- News and Tools
- Market News
- CIBC targets USD/CAD at 1.36 by the end of Q2, 1.39 by the end of Q3
CIBC targets USD/CAD at 1.36 by the end of Q2, 1.39 by the end of Q3
The Canadian dollar reversed its course following the Fed's interest rate decision, seeing its greatest daily appreciation in a year but such gains are likely to fade in the near-term, says CIBC World Markets Research.
"Look for Governor Poloz to retain a dovish tilt in April, especially given that Trump-related risks have yet to be resolved," CIBC argues.
As such, CIBC argues that a few months the stronger post-Fed loonie will likely look like just a 'flash in the pan' on the way to an even weaker exchange rate.
CIBC targets USD/CAD at 1.36 by the end of Q2, and at 1.39 by the end of Q3.
Source: CIBC Economics - CIBC Capital Markets, efxnews.
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
