USD/CAD: The path of least resistance remains 141 by year-end - Credit Suisse

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USD/CAD: The path of least resistance remains 141 by year-end - Credit Suisse

<p>Credit Suisse maintains a bullish bias on USD/CAD targeting a move towards 1.41 by year-end."Front -end USDCAD risk reversal skews have eased over the past 2 weeks, following a period of considerable larger premium for calls over puts:.. CAD has also seen a considerable repricing in monetary policy expectations of late, largely on the back of the hawkish speech by BoC chief Macklem on 6 Oct. Since then, the terminal rate implied by the OIS market has risen from around 3.80 -3.90% to around 4.30% at the time of writing. T," CS notes. "The path of least resistance in USDCAD will remain to the upside, towards our end -Q4 target at 1.4100," CS adds. </p><p>For bank trade ideas, <a href="https://plus.efxdata.com/ad/track/4655172E54F06040571CD0AB083845AD" rel="nofollow" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://plus.efxdata.com/ad/track/4655172E54F06040571CD0AB083845AD&source=gmail&ust=1666394853700000&usg=AOvVaw1RMWSkya5tYIAvTatsZ9lU">check out eFX Plus</a>. For a limited time, get a 7 day free trial, basic for $79 per month and premium at $109 per month. <a href="https://plus.efxdata.com/ad/track/4655172E54F06040571CD0AB083845AD" rel="nofollow" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://plus.efxdata.com/ad/track/4655172E54F06040571CD0AB083845AD&source=gmail&ust=1666394853700000&usg=AOvVaw1RMWSkya5tYIAvTatsZ9lU">Get it here</a>.

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                This article was written by Adam Button at forexlive.com.

Source: USD/CAD: The path of least resistance remains 141 by year-end - Credit Suisse

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