Usd to cad forecast 2019 rbc: Canadian Dollar is a Buy at RBC ahead of the BoC, but Others are Growing Cautious

” CAD  outperformance has been a consistent theme over the last month and we think it can continue this week. The BoC is unlikely to introduce any easing bias as it leaves rates unchanged on Wednesday,” says Adam Cole, chief currency strategist at RBC, in a note to clients. “We prefer to play  CAD  strength on the crosses, given our mildly USD-positive bias and note that  CAD /JPY is one of the tighter proxies for general risk appetite in G10.”

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