USD/CAD seen at 1.2900 in 12 months on less hawkish BOC - RTRS Poll

The latest Reuters poll of straights showed on Thursday that a majority of them expect the Canadian dollar to drop in the coming months on the back BOC’s not so aggressive stance on further rate hikes.

Key Findings:

Reuters polled 50 FX strategists

USDCAD seen at:

1.2600 in a month

1.2770 in 3 months

1.2900 in 12 months