Forex
globalreutersDecember 16, 20241 Mins read
CAD: A few more months until the turnaround – Commerzbank
globalreutersDecember 16, 20241 Mins read Given the combination of further rate cuts, a still-weak real economy, risks from US tariffs and a strong US Dollar (USD), expect the Canadian Dollar (CAD) to continue to struggle for several months, Commerzbank’s BoC is expected to end the cut cycle for the time being “In the meantime, we are even trading slightly above our expected peak of 1.41 in the first quarter of 2025 with USD/CAD at 1.42.
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