USD/CAD: Forecasts revised higher to 1.30 by end-2022 and 1.25 by end-2023 – Scotiabank USDCAD Banks
USD bull cycle is now looking very mature “We expect that higher interest rates mean that equity marketwill persist for a little longer, despite the recent rebound, underpinning demand for the USD for a little longer. We are resisting loading a lot more USD strength into the FX outlook generally because we do feel that the USD bull cycle is now looking very mature.”
“While the CAD has failed to live up to our expectations this year, we are reluctant to endorse the idea of a significantly weaker CAD in the near to medium term and expect modest USD towards recent range highs will continue to attract USD selling interest.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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