Credit Suisse has updated its target for the USDCAD pair from 1.3450 to 1.3100. The current exchange rate stands at 1.32683.
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The Canadian Dollar outperformed procyclical G10 FX peers in the second quarter, supported by exposure to strong US demand and a hawkish Bank of Canada. Economists at Credit Suisse have upgraded their CAD outlook.
See: GBP and CAD set to struggle in the medium term – Wells Fargo
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