BoC have already tested the water - Rabobank
|Jane Foley, Senior FX Strategist at Rabobank, points out that the BoC is the third G10 central bank to have already tested the water by hiking interest rates this year and suggests that the timing of the next move is expected to be very data dependent but our base case is that the BoC will wait until Q2 before raising rates again.
Key Quotes
“By that time we will have more data revealing how households have coped with the 50bp of tightening seen in 2017 H2 and we should also have more clarity as to the outcome of NAFTA negotiations following the 6th round in late January and the final 7th round in March. We expect USD/CAD to hold a choppy range through 2018.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.