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Standard Chartered Money Insights

The Weekly FX Navigator (6 July 2021): We still like the CAD

July 06, 2021 Standard Chartered Bank
Standard Chartered Money Insights
The Weekly FX Navigator (6 July 2021): We still like the CAD
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Standard Chartered Money Insights
The Weekly FX Navigator (6 July 2021): We still like the CAD
Jul 06, 2021
Standard Chartered Bank

Uncertainty around the trajectory of Fed tapering could prop up the USD in the short-term, but we expect the USD downtrend to reassert itself over the next 12 months. The CAD remains a favoured currency in this scenario given its supportive terms of trade, a relatively more hawkish of Bank of Canada (BoC) and links to global growth.

Speaker:

  • DJ Cheong, Investment Strategist, Standard Chartered Bank
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Show Notes

Uncertainty around the trajectory of Fed tapering could prop up the USD in the short-term, but we expect the USD downtrend to reassert itself over the next 12 months. The CAD remains a favoured currency in this scenario given its supportive terms of trade, a relatively more hawkish of Bank of Canada (BoC) and links to global growth.

Speaker:

  • DJ Cheong, Investment Strategist, Standard Chartered Bank