Analysts at CIBC, see the USD/CAD pair at 1.28 near year-end but they point out it could rise to 1.38 by the end of next year. Key Quotes: “Our outlook for the Canadian dollar has it appreciating over the remainder of this year, reaching 1.28 versus the dollar by the first quarter of 2020, as the Fed trims rates a couple of times while the Bank of Canada remains on the sidelines.” “We still believe the longer-term trend in CAD is towards further weakness, given the economy’s international competitiveness issues. Our forecast for USDCAD to reach 1.38 by the end of next year, though, has some wondering if such swing in the currency is likely. Looking at the past twenty years of data, not only are such swings possible, they are actually the norm.” “The average difference between the minimum and maximum value of the Canadian dollar over any 12 month period is 15 cents. It’s the lack of volatility in the past year that’s so unual.” 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 Dollar Index technical analysis: DXY bulls en route towards the 2019 high FX Street 4 years Analysts at CIBC, see the USD/CAD pair at 1.28 near year-end but they point out it could rise to 1.38 by the end of next year. Key Quotes: "Our outlook for the Canadian dollar has it appreciating over the remainder of this year, reaching 1.28 versus the dollar by the first quarter of 2020, as the Fed trims rates a couple of times while the Bank of Canada remains on the sidelines." "We still believe the longer-term trend in CAD is towards further weakness, given the economy's international competitiveness issues. Our forecast for USDCAD to reach 1.38 by… 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.
