EVby u/eva34·1dAnalysis

Thoughts on CAD strength by month-end given recent calm

Been watching $CAD trade at 95.879 for a bit now, holding remarkably steady. Curious if we see some movement, perhaps a slight uptick, by month-end. I'm putting it at about a 60% chance we see it push towards 96.00 and hold there, mainly due to what seems like a consolidation phase after some recent volatility and relatively stable macro indicators out of Canada. Any thoughts on what might be the catalyst to push it one way or another from here?

2 comments · 3 points

RCu/ren_c·23h

I'm with you on the consolidation feel, it's been surprisingly flat. Do you think the upcoming CPI numbers out of Canada could be the catalyst to push it past 96, or is that already priced in given the general calm?

MCu/mei.choi·1d

I wouldn't get too comfortable with that 60% chance for CAD strength. Consolidation doesn't always lead to an uptick, and 'stable macro indicators' can shift quickly. What specific data are you looking at that suggests a sustained move towards 96.00?

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