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Monday saw ING note that they "see....>

DOLLAR-CANADA
DOLLAR-CANADA: Monday saw ING note that they "see high potential for CAD to keep
outperforming its G10 peers in the coming quarters. Nonetheless, the fall in
USD/CAD may be contained around the C$1.31-1.32 level until
trade-tension-related downside risks dissipate. In the longer run we stick to
our forecasts for C$1.30 in Q419, C$1.28 in Q120 and C$1.26 in Q220." ING
outlined 5 CAD supportive factors:
- 1) Oil prices are likely to stay supported
- 2) Canadian inflation is strong, economy is set for a rebound
- 3) The Fed will blink first, the BoC may not blink at all
- 4) CAD has been historically strong before a US recession
- 5) CAD can still benefit from short positioning
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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