Don’t miss this month’s edition of the George Davis Report, where George discusses the upcoming US election and potential impact on FX markets, including the Canadian dollar.
What you need to know:
Recent polls and betting odds indicate that the US election outcome is too close to call with certainty.
However, we can identify some broader thematic outcomes, along with a hypothesis on the potential impact on FX markets.
Broadly speaking, a Trump victory could carry more inflationary policy implications that could boost the USD.
A Harris victory would point to more “status quo” on the policy front, which in turn could elicit a more neutral impact on the USD and keep it on its current trajectory.
Should tariffs enter the policy discussion, CAD may not be impacted as much as some other currencies.
For the trading range:
USD/CAD
Buyers
1.3400/1.3500
Sellers
1.3800/1.3900
