4 Global Market Updates- 6 September, 2022

 

In this article, we have covered the highlights of global market news about the USD/CAD, NZD/USD, EUR/CHF and USD/CNH.

USD/CAD will go below 1.25 in the first quarter of 2023 – ING

The USD/CAD pair is trading far over the 1.30 psychological barrier. Despite this, the analysts at ING anticipate that the pair will go in the other direction and drop to below 1.25 in the first quarter of the following year.

There is still a solid foundation for a CAD comeback. There is still some wiggle area for a hawkish repricing in the Bank of Canada’s rate forecasts, which might help sustain the Canadian dollar.

Because of its modest exposure to Europe and China and its good carry, the Canadian dollar is expected to continue to be the most desirable currency for trading commodities over the next several years.

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