Scotiabank: USD/CAD shows slight improvement in underlying drivers
Scotiabank reports that the USD/CAD pair has seen a modest improvement in its underlying drivers. The bank notes that there have been positive developments that have contributed to this improvement.
The USD/CAD pair has shown signs of strengthening, although the improvement has been slight. Scotiabank highlights that the drivers behind this improvement have been positive, indicating a potential shift in the pair’s direction.
Overall, Scotiabank’s analysis suggests that there have been some positive developments that have impacted the USD/CAD pair. While the improvement may be modest, it does indicate a shift in the underlying drivers that could potentially influence the pair’s performance in the near future.