Morgan Stanley recommends continuing to buy the Canadian dollar, especially against low-yielding currencies such as the Swiss franc. Bank of Canada's Business Outlook Survey to continue the strength of investment and inflationary pressures which may make the bank decide to raise rates again at the April meeting.
On the other hand, it is expected that the Swiss National Bank will continue to pursue prudent policy at the moment as the risks to the economy continue. Therefore, the bank is buying CADCHF pair with a target at 1.26 and a stop loss at 1.33.
