- Analytics
- News and Tools
- Market News
- USD/CAD may grind higher, but no new ground to be explored – HSBC
USD/CAD may grind higher, but no new ground to be explored – HSBC
There is little prospect of a swift pivot from the Bank of Canada (BoC) at the 7 September meeting. Economists at HSBC expect the USD/CAD pair to see modest gains ahead.
CAD to outperform other “risk on” currencies in the short-term
“The market is appropriately priced for a debate between 50 bps and 75 bps at BoC’s September meeting. The decision may dictate the knee-jerk reaction, but the hawkish tone of delivery should allow the CAD to outperform other ‘risk on’ currencies in the short-term, but not enough to outpace the USD, not least because the USD will be supported by the tailwind of risk aversion.”
“While USD/CAD may grind higher, we do not look for new ground to be explored.”
© 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
