Economists at MUFG Bank see Bank of Canada caution at its meeting this Wednesday. Thus, the Loonie could come under pressure.“We expect to see a degree of caution from the BoC given the flow ofclearly points to downside risks.
“Weaker economic data in Canada, optimism globally over peak inflation, and slower growth emerging more clearly in the US all suggest the BoC is close to ending its tightening cycle. Any sense of that this week would reinforce our view of CAD underperformance versus G10 becoming the norm going forward.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »
Source: Reuters - 🏆 2. / 97 Read more »