19 Nov 2015
USD/CAD bullish stance remains intact – Westpac
FXStreet (Edinburgh) - Richard Franulovich, Strategist at Westpac, has reiterated the bullish perspective for the pair.
Key Quotes
“No change in our USD/CAD view – it’s just a matter of time before we see a topside break of the rough 1.28 to 1.34 range that has prevailed the last 3 ½ months”.
“China’s economy is still listing badly and ongoing weakness in key metals suggests markets continue to underestimate ongoing slowdown risk”.
“Closer to home, the 66% probability given to Dec Fed-lift-off seems to overstate the odds that a calamity will veer the Fed off course from what is a near certain inaugural hike”.
Key Quotes
“No change in our USD/CAD view – it’s just a matter of time before we see a topside break of the rough 1.28 to 1.34 range that has prevailed the last 3 ½ months”.
“China’s economy is still listing badly and ongoing weakness in key metals suggests markets continue to underestimate ongoing slowdown risk”.
“Closer to home, the 66% probability given to Dec Fed-lift-off seems to overstate the odds that a calamity will veer the Fed off course from what is a near certain inaugural hike”.