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Deutsche Bank recommended a long USD/CAD trade with a target of 1.29 and stop at 1.2480, citing market optimism on Canadian rates and high household debt. It flagged NAFTA negotiation headline risks as talks resume.
The trade view signals continued Canadian dollar weakness, which lowers the USD cost of Canadian-origin feed ingredients, while NAFTA uncertainty could disrupt North American agricultural trade flows.
exchangerates.org.ukFrançois AuréFeb 28, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
