External broker reports(aggregated public sources), Scotiabank

Scotiabank

Scotiabank’s global foreign exchange strategy team provides in-depth regional insights and macro-economic analysis for G10 and advanced economies, Asia Pacific, and Latin America. Find technical and fundamental strategy reports focused on trade ideas, market risks, and the unfolding macro outlook. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

FX & Rates

<ul><li>EURCAD’s rally remains impressive as it extends its Q1 surge with a push to fresh highs in the low 1.60s at levels last seen in the depths of the global financial crisis in March of 2009.</li><li>The EURCAD rally has been earned and fundamentally-driven by an ongoing evolution in the outlook for relative central bank policy that includes an increasingly dovish Fed, an increasingly neutral ECB, and a Bank of Canada that is caught in the middle and ultimately tied to its southern neighbor as a result of its close economic and geographic ties.</li><li>The CAD’s fortunes remain closely tied to those of the broader USD’s, especially as it relates to currency relationships outside of North America.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

EURCAD’s rally remains impressive as it extends its Q1 surge with a push to fresh highs in the low 1.60s at levels last seen in the depths of the global financial crisis in March of 2009.The EURCAD rally has been earned and fundamentally-driven by an ongoing evolution in the outlook for relative central bank policy that includes an increasingly dovish Fed, an increasingly neutral ECB, and a Bank of Canada that is caught in the middle and ultimately tied to its southern neighbor as a result of its close economic and geographic ties.The CAD’s fortunes remain closely tied to those of the broader USD’s, especially as it relates to currency relationships outside of North America.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

FX Snapshot - Still No Change In Bullish EURCAD Outlook