The Canadian Dollar will trend back to the levels seen at the height of U.S. tariff fears during early February.
Pound Sterling has now recorded nine consecutive daily advances as it extends the recovery from early February; however, the advance looks set to falter in the coming days.
Sell Canadian Dollars Says HSBC Strategy
- Category: CAD
HSBC's FX strategy team recommends buying the U.S. dollar against the Canadian dollar (USD/CAD) in anticipation of potential trade-related volatility, as the March 4 deadline for U.S. tariffs on Canada approaches.
Canadian Dollar: Dangerous Hope
- Category: CAD
The Canadian Dollar has rallied on expectations that harsh U.S. tariffs will be avoided, but this hope might be misplaced, say analysts.