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Forex Flash: USD/CAD: 0.96-0.99 range expected to hold next week - Scotiabank

By FXstreet.com,  September 21, 2012, 02:38:00 PM EDT

FXstreet.com (San Francisco) - "For USDCAD, we'd expect its 0.96 to 0.99 range to hold next week," says Camilla Sutton, CFA, CMT, Chief Currency Strategist at Scotiabank.

"With a deceleration in global growth, inflation pressure in Canada well contained and some softening in the housing market, the case for higher interest rates is evaporating," she explains. "However for CAD, even with a softening of tone, the BoC is likely to remain far more hawkish than any of the other central banks, helping support a strong CAD."




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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