Subscribe To
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