The Strongest Major Currency This Year Could Stall Out in 2020
- Canadian dollar has gained more than developed market peers
- Credit Suisse sees Bank of Canada capping loonie’s run in 2020
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The Canadian dollar may struggle in 2020 to top its stellar performance from this year.
That’s the message from the global head of foreign-exchange strategy at Credit Suisse who expects the tailwinds seen in 2019 to fade. While risk-sensitive currencies like the loonie should perform well if the global economy continues to firm, Shahab Jalinoos believes Bank of Canada policy makers will be quick to try to curtail a significant rise.