XAU/USD4,699.34+0.28% BTC/USD77,811-0.76% ETH/USD2,321-0.29% SOL/USD186.34+0.43% EUR/USD1.0934+0.12% GBP/USD1.2641-0.08% USD/JPY153.42+0.22% AVAX/USD9.44+0.35% WTI78.21+1.04% DXY104.18-0.14% SPX5,812+0.31% NDX20,341+0.48% XAU/USD4,699.34+0.28% BTC/USD77,811-0.76% ETH/USD2,321-0.29% SOL/USD186.34+0.43% EUR/USD1.0934+0.12% GBP/USD1.2641-0.08% USD/JPY153.42+0.22% AVAX/USD9.44+0.35% WTI78.21+1.04% DXY104.18-0.14% SPX5,812+0.31% NDX20,341+0.48%

FOREX 13H AGO Source: ExchangeRates

USD/CAD Forecast: Scotiabank Sees Pair Holding Near 1.3900 as CAD Underperforms

The US Dollar to Canadian Dollar (USD/CAD) exchange rate has strengthened over the past two weeks and is trading around 1.3860 after climbing from lows near 1.3750 in late May. Scotiabank notes that the Canadian Dollar has underperformed its G10 peers recently, although it considers current levels somewhat stretched relative to underlying.

 The US Dollar to Canadian Dollar (USD/CAD) exchange rate has strengthened over the past two weeks and is trading around 1.3860 after climbing from lows near 1.3750 in late May. Scotiabank notes that the Canadian Dollar has underperformed its G10 peers recently, although it considers current levels somewhat stretched relative to underlying. 

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