CAD continues to trade on the back-foot - TDS

CAD continues to trade on the back-foot and at the whims of a tense global trade environment, notes Mazen Issa, Senior FX Strategist at TDS.

Key Quotes

“Despite some technical signals flagging that depreciation may be a bit stretched, CAD is on en route to a collision course. We have not minced words on the CAD, as we think it is one of the most poorly positioned currencies in the G10. We keep our sights set on a move to the 1.3350/1.3500 zone in USDCAD.”