Canadian Dollar: BoC hold and guidance shift – TD Securities

TD Securities notes the Bank of Canada (BoC) kept its policy rate at 2.25% and softened guidance by removing references to both rate-cut risks and consecutive hikes. Markets interpreted the statement as mildly dovish, but prior moves limited volatility. The analysts judge a balanced BoC outlook offers little immediate support to the Canadian Dollar (CAD), though improving data could later help USD/CAD move lower.

Balanced BoC seen limiting CAD gains

"The Bank of Canada held rates at 2.25% and watered down its guidance by removing the reference to both the risk of rate cuts and consecutive hikes going forward."

TMGM tahlili: Moliyaviy bozor yangiliklari, iqtisodiy kalendar va bozor tahlillari

"Markets took the statement mildly dovishly, but yesterday's move tempered any large swings."

"A balanced BoC outlook does not do much for the CAD."

"Stabilization in Canadian data should allow USD/CAD to eventually retrace below 1.40."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)

JONLI KOTIROVKALAR

Nomi / Simvol
Grafik
% O‘zgarish / Narx
GBPUSD
1 kunlik o‘zgarish
-0.82%
1.33186
EURUSD
1 kunlik o‘zgarish
-0.70%
1.11405
USDJPY
1 kunlik o‘zgarish
+0.46%
158.898
AUDUSD
1 kunlik o‘zgarish
-0.66%
0.68666