USD/CAD to retrace in to year end - Scotiabank

FXStreet (Guatemala) - Analysts at Scotiabank explained that The USD will soften in the near term.

Key Quotes:

"Sensitive to economic data and technical resistance drivers, but resume a strengthening bias later in the year."

"Oil price movements, interest rate differentials, growth dynamics and the broader USD trend are likely to push the CAD stronger on a temporary basis before retracing into year end."