EUR/CAD: Dip under last week’s low at 1.2875/80 to trigger a substantial drop to 1.2470 – Scotiabank
EUR/CAD rebounds from sub-1.30 test but undertone remains weak. Economists at Scotiabank note that the
EUR/CAD needs to hold the April low at 1.3390 to avoid further losses – Scotiabank
EUR/CAD is soft after failing – again – in the mid-1.37s. A break under the
EUR/CAD to push towards 1.39/1.40 on a clear break above 1.3755 – Scotiabank
EUR/CAD pressures key resistance in the mid-1.37s. A break above the latter would open up
EUR/CAD needs to crack on above 1.3755 in order to rally – Scotiabank
EUR/CAD capped in mid-1.37s. A break above this region is needed to see a race
USD/CAD needs to hold below 1.2640/50 for more downside momentum – OCBC
USD/CAD has recovered and it is trading above the 1.2700 level. Still, economists at OCBC
USD/CAD to hover around 1.27, EUR/CAD to test the 1.40 support – ING
The Bank of Canada (BoC) is set to hike rates by 25bp today. Although the
Canadian employment is back to pre-COVID levels, CAD to see further perform – TDS
Canadian employment is back to pre-covid levels in September. The loonie caught a bid following