Analysts at Citibank forecast the USD/CAD pair will trade around 1.33 over 0-3M and at 1.31 in 6-12M. Key Quotes: “Although the Fed Chair Powell’s speech was seen as diplomatically dovish but overwhelmed by US – China tensions The United States. The market volatility increase obviously and limit the performance of CAD.” “Canada’s ex-auto sales jump 0.9% mom and consumer price index rose 0.5%, all beat expectation, and support CAD. However, the market still expect BoC would cut rate once in the rest of this year which may put pressure on CAD.” “Trade war uncertainty had intensified and oil price declined. This may increase the downside risks to CAD. But Canada’s labor market remained strong which further supports the case for a neutral policy stance of BoC. The interest rate spread would favor CAD.” “USD/CAD had tried to break 1.3340 level for several times since Aug 7 but failed. And the pair’s RSI dipped into the oversold territory. The upper side was limited and downside risk had risen.” 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 FXStreet News share Read Next Gold bulls take profits as Dollar firms and US stocks firm-up FX Street 4 years Analysts at Citibank forecast the USD/CAD pair will trade around 1.33 over 0-3M and at 1.31 in 6-12M. Key Quotes: "Although the Fed Chair Powell's speech was seen as diplomatically dovish but overwhelmed by US - China tensions The United States. The market volatility increase obviously and limit the performance of CAD." "Canada's ex-auto sales jump 0.9% mom and consumer price index rose 0.5%, all beat expectation, and support CAD. However, the market still expect BoC would cut rate once in the rest of this year which may put pressure on CAD." "Trade war uncertainty had intensified and oil… 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.
