Goldman Sachs is out with its latest forecasts

A few things stand out:

  • The see cable at about the same levels for the next 12 months, then falling to 1.20
  • They see EUR/USD at 1.15 from 1.18, but that's up from 1.05 in the prior forecast and as low as 0.95 previously
  • They see USD/CAD continuing to fall
  • In a departure from the theme of USD weakness, they see USD/JPY steadily climbing to 120

Here is what they had to say on Canada.

h/t @Yogi_Chan