16 Jan 2014
Flash: USD/CAD to fall over six and twelve months - UBS
FXstreet.com (Córdoba) - The UBS analyst team revised their three, six, and twelve month forecast for USD/CAD up to 1.08 (prev. 1.04), 1.05 (1.05) and 1.03 (1.00), respectively.
Key Quotes
"Recently, crude oil transportation bottlenecks and cold weather have weakened the CAD".
"Over the longer term, lower Canadian yields and worries about the Canadian housing market will likely keep the CAD weaker than originally expected".
"However, we still see fundamental strength in the Canadian economy and thus expect USDCAD to fall over six and twelve months".
Key Quotes
"Recently, crude oil transportation bottlenecks and cold weather have weakened the CAD".
"Over the longer term, lower Canadian yields and worries about the Canadian housing market will likely keep the CAD weaker than originally expected".
"However, we still see fundamental strength in the Canadian economy and thus expect USDCAD to fall over six and twelve months".