It anticipates a USD/CAD trading range of 1.353 to 1.395 in April 2023, with a close at 1.374. Long, medium and short-term U.S. dollar to Canadian dollar forecasts are shaped by current conditions and the available data. They can be adjusted at any time, in response to newly released market sensitive information.
What is the FXstreet forecast poll about USD/CAD (US dollar vs Canadian dollar)?
The FXStreet Forecast Poll about USD/CAD (US Dollar vs Canadian Dollar) is a sentiment tool that highlights our selected experts' near and medium term mood and calculates trends according to Friday's 15:00 GMT price.
Why is USD/CAD still on backfoot?
USD/CAD remains on backfoot as investors dump the US Dollar after the Fed’s dovish guidance. Investors await the US Retail Sales data for November. A sharp recovery in oil prices has strengthened the Canadian Dollar. loading... EUR/USD continues to trade in positive territory above 1.0900 on Thursday.
What is the IFC consensus Canadian dollar forecast?
The IFC Consensus Canadian Dollar Forecast is based on the aggregation of forecasts by major Canadian and Global banks and trading houses. The methodology used to calculate the forecast takes into account, among other things, the historical accuracy of the forecaster as well as other factors deemed relevant.
