# Canadian Dollar Draws J.P. Morgan's Bid as NAFTA Risks Fade

> J.P. Morgan strategists advise clients to bet on a recovery in the Canadian dollar, which they view as undervalued against developed-market peers. The call follows encouraging NAFTA negotiation comments that lifted the loonie off a nine-month low.

- Date: 2018-04-11 · published 2018-04-11T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/65748-canadian-dollar-draws-j-p-morgan-s-bid-as-nafta-risks-fade
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A reduced NAFTA risk premium and a recovering loonie would support North American trade flows and Canadian export pricing, with limited direct effect on feed commodity prices.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/cad/8867-canadian-dollar-draws-j-p-morgan-s-bid-as-nafta-risks-fade

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.