USD/CAD can break below 1.30 as early as this summer – ING USDCAD Banks
A softening in the US Dollar can easily trigger a break below 1.30 as early as this summer.
We still expect a negative re-rating in US growth expectations later this year to hit the highly exposed CAD more than other pro-cyclical currencies, but the coincident drop in USD means that the USD/CAD pair can end the year closer to 1.25 than 1.30.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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