# Sell The Canadian Dollar, Buy The US Dollar Say FX Strategists At DB | Exchange Rates UK

> 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.

- Date: 2018-02-28 · published 2018-02-28T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/66728-sell-the-canadian-dollar-buy-the-us-dollar-say-fx-strategists-at-db-exchange
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

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.

## Read by commodity

- USDCAD: bullish ▲
- CANMEAL: neutral

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/20733/usd-cad-exchange-rate-go-long-say-analysts-forecast-canadian-dollar.html

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