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The market tilts toward the Bank of Canada holding rates as the minutes tick down

The Bank of Canada decision is a close call but the market isn't seeing it quite as a coin flip. Yesterday's pricing was right at 50/50 on whether they hike by 25 basis points or not but today there's more of a tilt towards waiting.Current pricing is at 60% for no hike and 40% for a hike.Despite the small skew, I think the FX market will move equally in either direction and I'd peg the knee-jerk around 60 pips. If they leave rates, that would boosted USD/CAD to around 1.3460, which would test th... Read More

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Content Topics

Market

Tilts

Toward

Bank

Canada

Holding

Rates

Minutes

Tick

Forex

Posted: Jun 7 2023, 13:42

Author Name: forexlive

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