TD see USD/CAD range bound for early 2021, then lower

Author: Eamonn Sheridan | Category: News

TD see the pair 1.25 - 1.30 for the first part of this year and then a move to the downside under 1.25 later in 2021.

  • Says Canada is lagging in vaccination rate
  • Canada needs 1m vaccinations a week to achieve 15% monthly vaccinations by Q3
  • any delay on this risks growth assumptions being questioned, these are already leaning in favour of the USD 

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