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The Canadian dollar is vulnerable to the Bank of Canada decision

The Canadian dollar is vulnerable to the Bank of Canada decision
The Bank of Canada decision is out at the top of the hour and USD/CAD is just a hiccup away from the highest levels since March.From where I stand, risk are all to the upside as the Bank of Canada inevitably shifts towards a neutral stance and then towards rate cuts. Market pricing is all wrong at the moment, with OIS implying a 60% chance of a further hike in March and just 16 bps in cuts priced in for all of 2024.Canadian housing market is cracking and Canadian consumers are getting beaten up... Read More
Posted: Oct 25 2023, 13:42
Author Name: forexlive
Views: 112574

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