Canadian Dollar: Scope seen for recovery against US Dollar – TD Securities

TD Securities strategists argue that recent improvements in Canadian growth data justify a more constructive view on the Canadian Dollar (CAD). They see scope for USD/CAD to move lower from stretched post-FOMC levels, and have implemented a 2‑month 1.4050/1.39 put spread structure to express the view that the pair can eventually trade below 1.40.

Data-driven retrace case

"On the CAD side, the market has become too pessimistic with Canada's growth outlook again, despite improvement for Canadian data in recent weeks."

TMGM tahlili: Moliyaviy bozor yangiliklari, iqtisodiy kalendar va bozor tahlillari

"Improving Canadian data should allow USD/CAD to eventually retrace below 1.40, and we expressed the view via a 2m 1.4050/1.39 put spread."

"The post-FOMC rally looks stretched in the CAD, with spot last sustaining levels above 1.42 only when broad-based tariff risks were elevated around last year’s “Liberation Day”— a scenario that appears unlikely to repeat this year."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

JONLI KOTIROVKALAR

Nomi / Simvol
Grafik
% O‘zgarish / Narx
GBPUSD
1 kunlik o‘zgarish
-0.27%
1.32754
EURUSD
1 kunlik o‘zgarish
-0.31%
1.10997
USDJPY
1 kunlik o‘zgarish
+0.30%
159.628
AUDUSD
1 kunlik o‘zgarish
-0.48%
0.68347