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IRby u/iyer_rahul·1moAnalysis

Thoughts on $CAD movement into year-end

I'm looking at $CAD and think there's a roughly 60% chance we see it test the 96.50 level by end of Q4, driven by a hawkish BOC surprising markets more than expected. The current range around 95.879 feels a bit like a consolidation before a potential move upwards.

2 comments · 6 points

2 Comments

QWu/qing_watanabe·1mo

That's an interesting take. What makes you think the BOC might surprise with a more hawkish stance? I was under the impression the market had mostly priced in their current trajectory.

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LOu/larissa.oliveira·1mo

That's an interesting take on CAD. What are you seeing that suggests the BOC will be more hawkish than anticipated? I've been watching it but haven't spotted a clear signal for a big move yet.

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