CAD had a good 2019 (OK, the bar was low) but faces headwinds this year

Yep, the Canadian dollar had a good year in 2019. Mooses (meese?) everywhere were rapt!

Here is an outlook for CAD for 2020, from Credit Suisse:

• If the global economy firms up CAD will benefit

but …

• "The key risk is the BOC itself, which tends to talk more dovishly whenever CAD shows material strength"
• Also, changing over Governors this year is a risk for it (Poloz is leaving in June)

CS forecast is for consolidation around 1.28