CAD TYPICALLY DOES WELL IN JULY BUT HAS STRUGGLED BADLY IN RECENT YEARS IN AUGUST

09 Jul 2023, 15:59 · 閱讀量 72

The Canadian Dollar was among the best three currencies in G10 in the first half of the year. Economists at Société Général analyze USD/CAD outlook.

CAD to enjoy a gradual appreciation to 1.28 against the USD over 12 months

We remain upbeat on the outlook for the CAD and forecast a gradual appreciation to 1.28/USD over 12 months.

The Canadian Dollar typically does well in July but has struggled badly in recent years in August.

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CAD TYPICALLY DOES WELL IN JULY BUT HAS STRUGGLED BADLY IN RECENT YEARS IN AUGUST – SOCGEN