The Canadian Dollar was able to benefit from the USD weakness yesterday. Economists at Commerzbank expect the USD/CAD pair to extend its decline.
USD is having a tough time at present
“In our view, imminent rate cuts are not a fait accompli yet, the BoC will probably want to see further hard facts first. As a result, the market may be forced to delay its rate cut expectations which could support CAD.”
“Moreover, USD is having a tough time at present so that the downtrend in USD/CAD might continue for a little bit longer. On the other hand, the BoC’s rate decision next week is approaching and the market is likely to act increasingly carefully in the run-up.”
إخلاء المسؤولية: الآراء الواردة هنا تعبر فقط عن رأي الكاتب، ولا تمثل الموقف الرسمي لـ Followme. لا تتحمل Followme مسؤولية دقة أو اكتمال أو موثوقية المعلومات المُقدمة، ولا تتحمل مسؤولية أي إجراءات تُتخذ بناءً على المحتوى، ما لم يُنص على ذلك صراحةً كتابيًا.
اترك رسالتك الآن