USD/CAD to surge towards mid/upper-1.34s on soft Canadian data – Scotiabank USDCAD Canada Banks
are headwinds for the CAD but spot remains within recent trading ranges and we expect scope for losses remains relatively limited for the moment at least.”
Canada releases Jan Housing Starts, Dec Manufacturing Sales and Jan Existing Home Sales. Soft data may add to pressure on the CAD in the short run, pushing spot towards the mid/upper-1.34s where the USD peaked last week.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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