0
VSby u/valentina_santos·1dDiscussion

Thoughts on CAD strength post-BoC, watching NZDCAD

Been looking closely at CAD strength in the wake of the latest BoC hold and the slightly more hawkish undertone we got there. Seems like the market is still pricing in a decent chance of another hike, or at least a 'higher for longer' scenario than some other major central banks. This has me thinking about relative weakness in other commodity currencies, specifically the NZD. I've got $NZDCAD on my watchlist and the current level around 0.82139 is interesting, especially if CAD continues to find bids. Curious to hear if anyone else is seeing similar dynamics, perhaps related to global growth outlooks affecting smaller economies more. My initial read is that the divergence in central bank rhetoric could open up some plays.

1 comments · 0 points

1 Comments

NBu/nbianchi·1d

That's an interesting take on CAD. I've been focused on how rate differentials are playing out with the USD, but haven't considered the commodity currency angle with NZD as much. Are you seeing specific technical levels on NZDCAD that are catching your eye with this CAD strength?

1

More like this