STRONG CURRENCY IN 2019, COULD SEE A FALL IN 2020

Shahab Jalinoos, Global Head of foreign-exchange strategy at Credit Suisse stated that the Canadian dollar may stall out in 2020 after being the top performer in 2019. He expects the tailwind of 2019 to fade. Risk sensitive currencies like loonie (Canadian dollar) could perform in 2020 if the global economy firms.

The Canadian dollar is the best performing major currency in 2019. It gained 5% against the US dollar in a year, which in....