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#1 24-10-2018 09:29:54

johnedward
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From: Paris - France
Registered: 21-12-2009
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USD/CAD: Goldman Sachs expects drop to 1.25 within 3 months

USD/CAD: Goldman Sachs expects drop to 1.25 within 3 months


http://www.forex-central.net/forum/userimages/GoldmanSachs.jpg


In an analysis note published on Tuesday, the Goldman Sachs bank believes that the USD/CAD pair will fall to 1.25 within 3 months, which is equal to a drop of nearly 600 pips compared to current prices.

"Despite recent disappointments in Canadian retail performance and the CPI, the underlying macroeconomic backdrop remains encouraging.

And even if a 25-basis point increase is already largely embedded in prices, it is also possible for the BoC to revise its economic forecasts in an upward direction.
"

http://www.forex-central.net/forum/userimages/goldmansachsforecast.png


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