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Barclays Capital: USD/CAD will fall to 0.9500
Analysts at Barclays Capital expect the pair USD/CAD to fall down to 0.9500 in the next few months as it broke below the trend line support from the Augusts maximum in the 1.0670 zone.
According to the specialists, the greenback may bounce from the 0.9660/0.9710 area, but the recovery will be short-lived and the bulls will give up.
CIBC: USD/JPY will rise to 89.00 by the year-end
Analysts at Canadian Imperial Bank of Commerce expect that US dollar will begin strengthening versus Japanese yen from the middle of the year. In their view, by then US economic outlook improves and the Federal Reserve will start regarding the possibility of tightening its monetary policy.
According to CIBC, the pair USD/JPY will climb to 87.00 area in the second quarter, then rise to 88.00 in the third quarter and end 2011 at 89.00.