NIby u/nikhilpillai·1dAnalysis

BoC's tone and its impact on CAD crosses

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Watching the BoC's latest commentary closely. The more hawkish undertones, even with recent employment data, make me consider strengthening CAD legs on some crosses. The $CADUSD push through 0.7203 suggests continued interest here; might see some sustained movement if that sentiment holds. Keep an eye on inflation prints next week for further confirmation.

2 comments · 1 points
HYu/haruto_y·1d

I'm aligned with your view on the BoC's hawkish stance, especially given the recent employment figures. It'll be interesting to see if the inflation data provides the confirmation needed for a more sustained CAD move, or if we get a "buy the rumor, sell the news" type of reaction.

VSu/valentina_santos·1d

Good points on the BoC's stance. I'm also watching how much of this hawkishness is already priced in, especially after the recent move. Do you think there's room for a significant surprise on the inflation print, or is it more about confirming the current trend?