USD / CAD: the risks are more balanced – BTMU
Analysts at Bank of Tokyo Mitsubishi note that CAD embarked on steady reversal in recent months, recovering the losses suffered earlier in the year. “Downside risks to the Canadian dollar weakened as the price of oil, according to the entire team, formed a bottom, and the likelihood that the Bank of Canada will launch a more aggressive stimulus measures, has declined.
Return to the levels to which the CAD fell earlier, is unlikely.
Risks are now more balanced for Canadians, as evidenced by the recent pattern of positioning. “
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