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CURRENCIES: National Bank's Forex Note For February 2021, 1st of 3; CAD

· 02/05/2021 09:26

02:20 PM EST, 02/05/2021 (MT Newswires) -- National Bank in highlights to its Forex note for February 2021 said the performance of the Canadian dollar over the past few weeks has "accorded with our script." The bank still sees the CAD weakening modestly through March before rallying in Q2 on the back of QE tapering by the Bank of Canada and stronger commodity prices. Its target for year-end 2021 remains C$1.20 to the USD.

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