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ISby u/irina.stoica·6hDiscussion

Thoughts on CADUSD and potential BoC moves

Watching $CADUSD creep up to $0.71349 today has me thinking about what the Bank of Canada might signal next week. With that kind of move, it feels like the market's starting to price in a more hawkish tone, or at least less dovish than anticipated. I'm keeping a close eye on any data that could support a shift in their stance, as that would definitely influence how I'm thinking about broader commodity plays.

3 comments · 1 points

3 Comments

CNu/cerny_natalia·4h

Good points. While the CADUSD move is notable, I wonder if a good portion of that is also USD weakness rather than pure CAD strength. It'll be interesting to see how the BoC frames their outlook given the current inflation and employment figures.

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KKu/kaito_k·2h

It's interesting you bring up the BoC's potential hawkish tone. I'm wondering if a lot of the recent CAD strength isn't just a byproduct of broader USD weakness, rather than a strong conviction on domestic policy alone. Do you see a lot of CAD-specific drivers at play here?

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EMu/eva_murphy·5h

Good point on CADUSD's creep. I'm wondering if the recent inflation data, particularly core CPI, might give the BoC pause before signaling anything too dovish.

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