Canadian Dollar weakness not a factor in rate decisions

Canadian Dollar weakness not a factor in rate decisions

The Bank of Canada (BoC) left its policy rate unchanged at 2.25% on Wednesday, as widely anticipated. Governor Tiff Macklem leaned hawkish in the press conference that followed the announcement, as policymakers seem confident about growth and inflation perspectives. Macklem noted that the biggest risks are conflicts in the Middle East and the trade relationship […]

Tentative flow reversal before BoC – BNY

Tentative flow reversal before BoC – BNY

BNY’s Geoff Yu highlights that selling of Canadian Dollar (CAD) accounts has eased ahead of the Bank of Canada (BoC) meeting, allowing light CAD purchases after prolonged pressure. He notes USD/CAD selling by CAD-based investors and sees valuations and positioning as supportive, but warns that domestic selling and weak Canadian asset flows still cap upside, […]

US inflation relief supports koruna and forint – ING

US inflation relief supports koruna and forint – ING

Frantisek Taborsky at ING says lower US inflation and reduced Fed hike expectations bring relief to CEE FX, despite higher Oil and US–Iran tensions. He maintains a bullish view on the Czech koruna and Hungarian forint, expecting more gains in coming days. EUR/CZK is seen below 24.200, EUR/HUF lower within 350–360, while EUR/PLN is anchored […]