USD/CAD carries the late-US session pullback from multi-day low while picking up the bids near 1.3420 during Thursday’s Asian session. The US Federal Reserve’s dovish halt could be cited as an underlying reason for the pair’s earlier declines to the lowest since March 2020.
Fundamental Overview
USD/CAD Bullish themes
- Without a pledge to set negative rates, the gloom could send the dollar up
- Time is being bought, and time is money
- Verdant until a path out of the pandemic forest is found
- Us dollar benefits as the world is going to hell
- In the 'Transition period' safe-havens will be in demand
- Stock market will roar and bring long dollar positions
- Nothing in the fundamental universe to call for a retreat
- Pandemic recovery talk is premature
- Fears to coronavirus and recession
- The world needs cash
- Fed's swap lines doesn't ease demand for dollars
- The Fed is printing dollars and that makes the currency more attractive
- USD is showing itself to be the real safe-haven currency
USD/CAD Bearish themes
- Federal budget deficit to show a record of 17.9% in 2020
- V-shaped recovery to strip USD safe-haven status
- Trump to lash out against China
- Recovery in the US faster than in Europe or Japan
- The safe-haven US dollar may suffer from a return of optimism
- Inflation is right around the corner
- Unless and until a new crisis or setback comes along, risk on and a falling dollar are in the cards
- Fed to punish savers
- The US will have to go negative with interest rates
- So many printed become a problem
- The Fed will do whatever is needed
- The risk of inflation increases
- Risk aversion offset by Fed printing dollars
Reprinted from FXStreet，the copyright all reserved by the original author.
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