USD/CAD to tick down to 1.42 amid stretched short-CAD positioning – Danske Bank
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Danske Bank's FX analyst Jesper Fjärstedt provides insights into USD/CAD currency pair dynamics, noting muted market reaction to the upcoming Canadian snap election on April 28. The analyst projects a short-term decline to 1.42 due to stretched short-CAD positioning, while maintaining a USD-positive view targeting 1.45 over a 12-month horizon.
March 25, 2025 | 12:00 pm
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USD/CAD expected to temporarily decrease to 1.42 before potentially rising to 1.45 over the next year, influenced by Canadian election and tariff developments.
Analyst's projection suggests a neutral to slightly bullish outlook for USD/CAD, with short-term consolidation followed by potential appreciation.
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