USD/CAD: The balance of risk is skewed to the topside from here – Danske Bank USDCAD Banks
We still think the balance of risk for USD/CAD is skewed to the topside from here. We pencil in a return of broad-based USD strength and we believe the relative growth outlook between the US and Canada favours a higher cross.
Also, the tail-risk related to private debt in Canada remains a tail-risk which should limit the potential for relative rates to send USD/CAD much lower from here.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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