USD/CAD: Small rate step and a not very hawkish statement might lead to further CAD losses – Commerzbank

climbed to a monthly high of 1.3677 on Tuesday. A small rate step and a not very hawkish statement could weigh on the Loonie, economists at Commerzbank report.“Will the Loonie be able to benefit if the BoC surprises with a large rate step? We do not consider the prospects of that to be particularly promising. The CAD was unable to benefit from the recent labour market data. As a result of the falling“It is likely to take more than a large rate step to once again fuel rate hike expectations.

“The combination of a small rate step and a not very hawkish statement and projections might lead to disappointment and thus to further CAD losses.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

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.

USD/CAD rallies to three-day highs around 1.3580s post upbeat US Services PMIUSD/CAD rallies to three-day highs around 1.3580s post upbeat US Services PMI – by christianborjon USDCAD Majors Macroeconomics Technical Analysis
Source: FXStreetNews - 🏆 14. / 72 Read more »

USD/CAD bulls take a breather around 1.3600 as Oil steadies after a slump, BOC eyedUSD/CAD seesaws around a one-week high as bulls flirt with the 1.3600 threshold following a strong run-up to cross the previous key resistances. That
Source: FXStreetNews - 🏆 14. / 72 Read more »

USD/CAD Price Analysis: Retreats towards previous resistance line near 1.3550USD/CAD Price Analysis: Retreats towards previous resistance line near 1.3550 – by anilpanchal7 USDCAD Technical Analysis SwingTrading ChartPatterns SupportResistance
Source: FXStreetNews - 🏆 14. / 72 Read more »

USD/CAD holds steady near one-week high, bulls look to seize control near 1.3600 markThe USD/CAD pair oscillates in a narrow band on Tuesday and consolidates the overnight strong rally of around 220 pips from sub-1.3400 levels. The pai
Source: FXStreetNews - 🏆 14. / 72 Read more »

USD/CAD hits one-month highs above 1.3670 and then retreatsThe USD/CAD rose further during the American session amid risk aversion and a decline in crude oil prices, ahead of the Bank of Canada decision. The p
Source: FXStreetNews - 🏆 14. / 72 Read more »

USD/CAD Price Analysis: Bulls and bears battle it out at key structureWe have seen USD/CAD break out of a symmetrical triangle on the daily chart and the focus is on the upside while the price continues to ride weekly tr
Source: FXStreetNews - 🏆 14. / 72 Read more »