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US dollar/Canadian dollar analysis and forecasts: 20th August 2011
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Market analysis
The Canadian fundamentals will remain robust in the short term, especially in comparison with other G7 countries. The Bank of Canada will consider an increase in interest rates, but will still be cautious. The Canadian dollar will be unsettled by the weaker global growth environment.
Risk factors:
A further deterioration in risk appetite would undermine the Canadian currency.
Forecasts:
| Currency | Spot (20-08) | 1-month forecast | 3-month forecast | 6-month forecast |
| US$/CAD | 0.9900 | 0.9800 | 1.0250 | 1.0500 |
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For Sterling/Canada forecasts, please see Sterling cross rates