USD/CAD: Near-term bias on the loonie remains constructive - Credit Suisse
09.12.2020, 13:19

USD/CAD: Near-term bias on the loonie remains constructive - Credit Suisse

FXStreet reports that ahead of today’s Bank of Canada meeting, economists at Credit Suisse retain a constructive near-term bias on the loonie and hold a 1.2750-1.2780 target range for USD/CAD. A uniquely strong national vaccine procurement outlook and hopes of US fiscal stimulus are new supportive developments for the Canadian dollar.

“Our bias is to view the improvements on the medical outlook front as more relevant from a risk management standpoint, especially as markets are likely to view the recent increase in fiscal spending introduced on November 30 by the Trudeau administration as partially offsetting the likely negative growth impact of renewed lockdown measures. This leaves us looking for no major change in the BoC key policy measures and in forward guidance.”

“The latest COVID-19 vaccine procurements data shows Canada as having booked the single largest amount of vaccine dose on a population scaled basis in the world.” 

“While the outcome of negotiations in US Congress on a possible stimulus bill remains uncertain, the tone of the dialogue appears to have improved over the past week, with more evidence of compromise in the pipeline. CAD, due to its gearing to US growth and to its pro-cyclical traits, stands as more likely to benefit than other pro-cyclical currencies from further constructive developments on this front.”

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik