Thursday, November 12, 2015

USD/CAD points to further gains – Westpac

FXStreet (Edinburgh) - In the view of Richard Franulovich, Strategist at Westpac, the pair remains well poised to advance further in the medium term.

Key Quotes

“Interest levels in USD/CAD have eased back with the pair hemmed in a rough 1.28 to 1.34 range for the better part of the last 3 ½ months”.

“A more sustained push higher though appears to be just a matter of time, with China’s economy still listing badly and Fed lift-off almost certain to commence mid-December, the fundamental atmospherics remain thoroughly bullish USD/CAD”.
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