Richard Franulovich, head of FX strategy at Westpac, points out that while CAD is the strongest currency against the USD so far in 2019, CAD has not fully capitalised on those positives in the last three months. Key Quotes “The bulk of CAD’s outperformance occurred in H1 2019 but yield spreads have pointed to ongoing outperformance in Q3.” “Trade tensions and slowing global growth account for the bulk of the decoupling from yield spreads and as the slide over suggests, that is worth at least US5 cents.” “The rebound in domestic activity has run its course but any moderation likely still leaves activity advancing close to trend, in line with BoC expectations. Against that backdrop the BoC will remain sidelined and another leg of CAD outperformance is on the cards. Sell USD/CAD into 1.34.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Forex News Today: Daily Trading News share Read Next US Pres. Trump: Good things are happening at China trade talks FX Street 4 years Richard Franulovich, head of FX strategy at Westpac, points out that while CAD is the strongest currency against the USD so far in 2019, CAD has not fully capitalised on those positives in the last three months. Key Quotes "The bulk of CAD's outperformance occurred in H1 2019 but yield spreads have pointed to ongoing outperformance in Q3." "Trade tensions and slowing global growth account for the bulk of the decoupling from yield spreads and as the slide over suggests, that is worth at least US5 cents." "The rebound in domestic activity has run its course but any moderation likely… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
