- Analytics
- News and Tools
- Market News
- BoC to prepare the ground for at least one rate cut – Westpac
BoC to prepare the ground for at least one rate cut – Westpac
Richard Franulovich, the head of FX strategy at Westpac, believes the BoC next week should fall into line with the dovish signaling from G10 peers and prepare the ground for at least one rate cut before the year is out, amid rising international trade risks.
- “The BoC’s statement likely signals a preparedness to provide accommodation though falls short of an ironclad explicit commitment.
- Rates markets price in 18bp of a BoC cut at the BoC’s Oct 30 meeting and 25bp by the Dec 4 decision. A dovish tone next week likely sees markets embrace a full cut by their Oct 30 meeting even as the bank reiterates an upbeat message on domestic growth momentum.
- USD/CAD likely to firm toward 1.36-1.38 into Q4 though maintains a persistent bid tone against its dollar bloc cousins.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
