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US Dollar To Canadian Dollar Consensus Forecast: Latest Survey Sees Drift Towards 1.30 - Exchange Rates UK

The desk anticipates a gradual appreciation of the US Dollar against the Canadian Dollar, with a consensus forecast suggesting a drift towards the 1.30 level. Per the full note [source], this aligns with broader market sentiment as traders adjust positions in response to evolving economic indicators and central bank signals. The recent survey indicates that the consensus is coalescing around this level, reflecting a shift in market dynamics. As the US Federal Reserve maintains a hawkish stance, the Canadian economy faces headwinds that may further support this trajectory.