Wednesday , 6 November 2024
Home Forex USD/CAD: Undervalued for the time being – Scotiabank
Forex

USD/CAD: Undervalued for the time being – Scotiabank

Weaker stocks tugged the Canadian Dollar (CAD) a bit lower yesterday and remain a risk for the currency in the near term as China and rising yields weigh on sentiment, Scotiabank’s Chief FX Strategist Shaun Osborne notes.

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