USD/CAD has regained the 1.36 handle. Economists at Scotiabank expect the pair to enjoy further gains.
Firm support on dips to the low/mid 1.35s
“CAD losses on the week through the mid-1.35s point to additional losses towards the 1.36/1.37 range.”
“Underlying trend dynamics are USD-bullish across short and medium-term oscillators, suggesting limited scope for counter-trend corrections (lower) in the USD at the moment.”
“Look for firm USD support on dips to the low/mid 1.35s.”
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