USDCAD: ready to 27.50

15 Eki 2018

• CAD fundamentals sound and firms are optimistic (even before USMCA deal) given the latest BoC survey.
  
• Given Higher USOIL prices will push a solid ground to prevent downside risks.
  
• USDCAD will remain sensible and volatility will work in our favor.
  
• These factors will move CAD key rate higher.
  
• Institutional consensus is USD flat since all rates are priced and no new inflation data surprise is expected.