The Canadian dollar (CAD) has dropped a little in the session, in line with its main currency pairs. The spot can continue to negotiate in rank before the Boc’s policy decision on Wednesday, says Shaun Osborne, head of Scotiabank FX Strategy.
The range of USD profits still seems limited
“We hope it will be maintained and the market assessment suggests only 20%probability of a cut. But those responsible for the policy have much to consider. Even while the US tariff policy. UU. It continues to evolve, the impact on the global economy is clear (the OECD today reviewed its growth perspective by 2025 for the second time this year – at 2%, from 3.3%).”
“Forest fires continue to affect oil production in Alberta, which could be another unwanted, although temporary brake, domestic growth. The CAD is negotiating a little stronger than our fair value estimate (1,3781) today, which is positive, but can indicate a limited space for more CAD profits at this time, unless markets find a new motivation to sell the USD.”
“Another rebound from the upper part of 1.36, leaving a possible sign of ‘hammer’ in the daily chart of Monday, has echoes of the action of the price last Monday in the funds, which saw the USD climb to the middle/high part of 1.38 before lowering again. With the wider bearish trend in the USD still well rooted in the graphics in the short, medium and long term and in the oscillators, the reach of the displays, the scope of the USD It seems limited.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
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