USDCAD: Still seen moving higher, but upward slowing – Danske Bank – by MSalordFX USDCAD Currencies Banks
“Similar to other central banks that have lead the global tightening cycle Bank of Canada has also slowed down its hiking pace amid weaker growth prospects. Withhaving hiked policy rates to 3.75% and with signs of slowing growth and not least housing market we maintain a final 50bp hike for the December meeting which we expect will mark the final hike of this cycle.”
“In light of the recent drop in the broad USD, we lower our USD/CAD profile but maintain an upward slowing trajectory.” 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.
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