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USD/CAD downside appears limited – Rabobank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 2, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In view of Strategist Christian Lawrence at Rabobank, the pair’s downside looks limited in the near term.

    Key Quotes

    “We think further downside for USD/CAD could prove limited as we see further upside for oil this year as somewhat capped”.

    “We also see a significant risk of the Fed raising rates at least once this year (our base case remains two rate hikes) which would provide a boost to USD/CAD from an interest rate differential as well, given that we think that the Bank of Canada will remain on the sidelines this year”.
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