Special Edition George Davis Report: January 2020 Edition

By George Davis
Published January 21, 2020 | 6 min watch

A monthly video series on the trajectory of the Canadian dollar

In this edition of the George Davis report, George discusses some of the most pressing questions received from clients of RBC Capital Markets Foreign Exchange recently.

 

What you need to know

1

RBC Economics is monitoring a weaker growth profile for Canada in Q4 2019.

2

However, recent key economic events to kick off the New Year suggest that the BoC will opt to keep rates unchanged at their January 22nd meeting.

3

The increase in geopolitical risks has caused CAD to be more sensitive to moves in oil prices.

4

With USD/CAD trading at the bottom end of a one year trading range, a hedging opportunity is at hand for buyers of USD/CAD.

Hedging Strategies:

USD/CAD

Buyers

1.3000 – 1.3100

Sellers

1.3300 – 1.3400

This video is part of our monthly George Davis Report series, with ad hoc reports brought to you as current.

© RBC Capital Markets, LLC, RBC Dominion Securities Inc., RBC Europe Limited 2018 


George Davis

George Davis
Chief Technical Strategist, FX Trading, Strategy & Sales, RBC Capital Markets


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