Economists at RBC Economics expect the Canadian dollar to hold onto gains until late 2021. USD/CAD remains in a consolidation phase as the pair extends sideways grind around 1.2750. Key quotes “The Canadian dollar recovered its pandemic related losses against the US dollar as risk appetite improved. The rebound in equity and non-energy commodity prices supported the Canadian dollar’s rise.” “The loonie is expected to hold onto its gains in the first half of 2021. As the year progresses, however, we expect the US dollar will start to regain ground with markets likely to look for the Federal Reserve to pare back stimulus ahead of other central banks, including the Bank of Canada.” 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 US FDA: No specific safety concerns with Moderna vaccine FX Street 2 years Economists at RBC Economics expect the Canadian dollar to hold onto gains until late 2021. USD/CAD remains in a consolidation phase as the pair extends sideways grind around 1.2750. Key quotes “The Canadian dollar recovered its pandemic related losses against the US dollar as risk appetite improved. The rebound in equity and non-energy commodity prices supported the Canadian dollar’s rise.” “The loonie is expected to hold onto its gains in the first half of 2021. As the year progresses, however, we expect the US dollar will start to regain ground with markets likely to look for the Federal Reserve to… 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.
