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Morgan Stanley remain bullish on......>

DOLLAR-CANADA
DOLLAR-CANADA: Morgan Stanley remain bullish on the CAD: "We continue to like
tactical CAD longs, particularly against low-yielding currencies like CHF. With
the BoC's Business Outlook Survey pointing towards strong investment trends and
building inflationary pressures, and Canadian data tracking broadly in line with
the BoC's outlook, our economists expect the BoC to deliver a rate hike at their
meeting this week. [...] The risk to the trade is a dovish shift from the BoC,
leading to CAD weakness.
"We like to buy CAD/CHF at market with a target of 0.79 and stop of 0.75"
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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