“FOMC may give USD a lift but we favour fading modest USDCAD gains. A more hawkish sounding Fed could help. That may give the USD a mild fillip but we continue to see USDCAD gains capped around 1.25 (in line with our range estimator) and feel modest USD gains are a sell. Our year-end target remains 1.22. We favour fading USD gains,” noted Shaun Osborne, Chief FX Strategist at Scotiabank.
“FOMC may give USD a lift but we favour fading modest USDCAD gains. A more hawkish sounding Fed could help. That may give the USD a mild fillip but we continue to see USDCAD gains capped around 1.25 (in line with our range estimator) and feel modest USD gains are a sell. Our year-end target remains 1.22. We favour fading USD gains,” noted Shaun Osborne, Chief FX Strategist at Scotiabank.



