USD / CAD continued to trade around 1.26 in March. In April, the loonie is expected to move within the range set between 1.23 and 1.27, as reported by Mizuho Bank.
Key statements:
“The Canadian government expects vaccines to lead to herd immunity in Canada sometime around September, and the economy is expected to recover to pre-pandemic levels as COVID-19 is brought under control and vaccination advances.”
“Investors have essentially valued the recovery in crude oil demand in the global economic recovery, and the WTI is expected to move in a range between $ 55 and $ 65 a barrel in the future. WTI could sometimes fall to headlines related to COVID, crude oil inventories and crude oil supply structures, with the USD / CAD pair topping 1.27, but the loon will also remain bullish on strong economic indicators. Canadians and the reduction of the purchasing program (QE), so the pair will probably trade in a range between 1.23 and 1.27“.
“The pair CAD/JPY it looks like it will basically trade in the 86-89 range. The Canadian is also likely to rise as long-term Canadian interest rates continue to rise and the spread with long-term Japanese interest rates widens. “
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
