USD/CAD to tick down towards 1.20 in 2022 as loonie has room to strengthen – NBF
09.11.2021, 08:27

USD/CAD to tick down towards 1.20 in 2022 as loonie has room to strengthen – NBF

While the loonie has strengthened slightly against the USD since the start of the fourth quarter, the appreciation has been very muted. Economists at the National Bank of Canada remain comfortable with their current forecast calling for a rate of USD/CAD 1.20 in 2022.

Stronger loonie but still too weak

“The change in expectations for Bank of Canada rates hikes combined with high prices of commodities suggest more than 12 cents of underverluation versus the US dollar.”

“While we have moved up the date of BoC’s first rate hike from July 2022 to April 2022, our assumption is weaker than what the markets are expcting for the BoC, with a significant narrowing of spreads between Canada and the US on two-year Treasury yields.”

“While the economy appears to be doing well at the present, we believe the central bank is sensitive to household debt and wants to avoid a ‘hard landing’ in the housing market. We concede that there is a high degree of uncertainty, but the apparent downside risks to the Bank’s new growth and inflation forecasts could buy its time.”

“We remain comfortable with our current forecast calling for a rate of USD/CAD 1.20 in 2022.”

 

© 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