Market news
18.06.2021, 14:36

CAD: "From hero to zero" - Cerdit Agricole

eFXdata reports that analysts at Credit Agricole CIB Research discuss CAD outlook.

"The CAD outlook has continued to deteriorate recently, in an interesting turn of events for hitherto one of the preeminent carry investment currencies in the G10 space. Indeed, it seems that the latest rebound n USD/CAD correlates well with the latest widening of the USD-CAD short-term rate differentials. It further seems that resilient oil prices have not been that supportive for the CAD, suggesting that the market focus remains on the currency’s loss of rate advantage at the moment." 

"Next week, FX markets could focus on the release of Canadian retail sales for May."

© 2000-2022. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

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.

Privacy Policy

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 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

Live Chat E-mail
Choose your language / location