USD vs CAN

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USD has been dropping. I have money in my brokerage in USD I need to convert to Canadian by end of June. Do you see USD rising back up before that? It seems to just be moving down.
Thanks

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Asked on May 10, 2021 9:46 am
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I agree, I can't see the CAD losing any ground with the bullish sentiment towards oil right now.

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Posted by Dan Kent
Answered on May 10, 2021 2:31 pm
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I track USD v CAD. It's not going to bounce back in this short a timeframe. Oil prices need to drop.

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Posted by Ayon De
Answered on May 10, 2021 2:14 pm
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Hard to call really - the CAD tends to move inline with commodities - as stuff like oil and gold strengthen, so too does the CAD. There are lots of bullish activity on commodities at the moment, but sentiment can change quickly. End of June is such a short timeframe and is very difficult to 'estimate' where CAD will be in relation on USD. What I can say is that most think it will at least stay here or strengthen - I am not hearing too many analysts saying it will weaken in a material way.

Mat

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Posted by Mathieu Litalien
Answered on May 10, 2021 1:56 pm
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