USD/CAD: Risk appetite remains a headwind for the Loonie – Scotiabank USDCAD Banks
“Volatile risk appetite remains a headwind for the CAD but valuation and a somewhat overbought USD may limit losses for now.”
“Markets have little incentive to move an overbought USD significantly higher at this point but there is not much reason to fight the short-term uptrend in funds either.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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