USD/CAD bullish stance remains intact – Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 19, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    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”.
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