BoC Preview: Three scenarios and their implications for USD/CAD – TDS BOC USDCAD InterestRate Banks
“Bank lifts overnight rate to 4.75%, abandoning its conditional pause. Statement notes that overheated labour market has introduced upside risks to its
, and that pace of job growth has cleared the high bar for additional tightening. New guidance does not rule out further hikes. USD/CAD -0.80%”“Bank leaves overnight rate unchanged at 4.50%, with outlook evolving in line with January MPR. Statement notes flat print on Q4 GDP, but economy remains in excess demand. Bank also notes that surging labour market has lowered bar to resume tightening, and shifts its guidance from a conditional pause to a more balanced data-dependent stance. USD/CAD -0.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
USD/CAD holds in bullish grounds ahead of BoC and key eventsUSD/CAD is up 0.11% and has traveled between a low of 1.3581 and a high of 1.3628 on the day so far. It is going to be a big week ahead while a) inves
Consulte Mais informação »
USD/CAD Price Analysis: Justifies bullish Doji candlestick to snap three-day downtrend near 1.3600USD/CAD Price Analysis: Justifies bullish Doji candlestick to snap three-day downtrend near 1.3600 USDCAD Technical Analysis SwingTrading ChartPatterns Candlesticks
Consulte Mais informação »
USD/CAD struggles for a firm direction, remains confined in a range around 1.3600 markUSD/CAD struggles for a firm direction, remains confined in a range around 1.3600 mark – by hareshmenghani USDCAD China Recession Fed Currencies
Consulte Mais informação »
USD/CAD: Scope for losses looks limited – ScotiabankThe CAD had another poor week. Economists at Scotiabank expect the Loonie to continue struggling to gain ground. CAD’s soft tone set to persist “Techn
Consulte Mais informação »
USD/CAD eases towards 1.3600 as Oil buyers take a breather, Fed’s Powell eyedUSD/CAD retreats to 1.3610, after an upbeat start to the week, as the Loonie pair cheers a pause in the Oil price while the US Dollar pares recent los
Consulte Mais informação »
USD/CAD remains confined in a range around 1.3600 mark ahead of Powell’s testimonyThe USD/CAD pair continues with its struggle to gain any meaningful traction on Tuesday and remains confined in a familiar trading range around the 1.
Consulte Mais informação »