Less hawkish BOC tones being cited 3 Aug
- USDCAD 1.2600 in a month
- 1.2770 in 3 months
- 1.2900 in 12 months
Majority of 50 fx strategists polled by Reuters see the BOC playing down the need for an aggressive rate hike programme next month in a bid to curb the recent CAD strength.
Not exactly mind-blowing moves/projections with USDCAD currently 1.2605 on session highs having made steady advances since the 1.2415 lows.
Expect immediate offers/res between 1.2620-30 then 1.2650.
USDCAD 60m
