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Goldman Sachs: Canadian dollar not the optimal choice to bet against weakening USD

Goldman Sachs: Canadian dollar not the optimal choice to bet against weakening USD
Goldman Sachs weighs in on the Canadian dollar (CAD) in the context of its recent monetary policy changes and the broader environment of USD weakening.Key PointsBoC Rate Hike: The Bank of Canada (BoC) has implemented another 25bp rate hike, which was in line with market expectations.Potential for Further Hikes: There's an increased likelihood of another rate hike later in the year, possibly as soon as September. This speculation arises from the BoC's resolute commitment to revert inflation... Read More
Posted: Jul 19 2023, 17:37
Author Name: forexlive
Views: 080916

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