Citigroup: USD/CAD will hold steady near 1.31 by the end of the year.
1)Citi writes that the USD/CAD is expected to remain near 1.31 by the end of the year.
2)Canadian economic data momentum and surprises are all this month. This momentum will help ensure the current tightening path of the central bank and will raise interest rates next in October; as the Fed is also largely priced, we forecast the next 0-3 months
3)The US dollar against the Canadian dollar will be roughly flat and is expected to fluctuate around 1.31.
