Canadian vs us dollar forecast 2016
Broad based US dollar strength has the US dollar surging vs. a broad basket of currencies including the Canadian dollar. So far in 2016, the Canadian dollar has lost a lot of value. Some of the biggest drivers that will continue to impact the Canadian dollar in 2016 will be the declining oil prices, Bank of Canada policy and rate cut, US FED leaning towards raising interest rates, and economic divergence between CanadaMar 29, 2018 The forecast for the US Dollar vs Canadian Dollar is creating sell orders on the loonie. The Canadian dollar outlook is hampered by western oil transport issues, high Canadian taxes, and the fear the NAFTA agreement will be cancelled. The potential for the Canadian dollar to fall is high. canadian vs us dollar forecast 2016
Canadian Dollar Forecasts 2016: Losses Against the Pound and Dollar. Strategists have released their top trades list for 2016 and the exchange rate is forecast to move higher towards 2. 15. A stoploss will be placed at 1. 96 to protect against unexpected Canadian dollar strength.