USD/CAD: Flat trading range set to extend – Scotiabank

The Canadian Dollar is heading into the end of the month little changed against a generally stronger USD. Economists at Scotiabank project a potential range of 1.3450/1.3735 for the coming week.

USD is likely to remain firm in the short run

“The US Dollar is likely to remain firm in the short run but may struggle to improve significantly versus the CAD over the next week or so.”

“Our modeling projects a potential range of 1.3450/1.3735 for the USD/CAD pair for the coming week.”