USD/CAD: Economic data and their impact should be the primary driver in the near term – Scotiabank USDCAD Banks
USD/CAD headed for its fifth weekly close above 1.32, but well below 1.33. Economists at Scotiabank analyze the pair’s outlook.While spot trends are static, the strengthening spread correlation does suggest that the economic data and their impact on the outlook for monetary policy in the US and Canada should be the primary driver for spot in the near term.
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