BoC: Near-term projections looking a little optimistic - TDS

Sandeep Kanihama FXStreet Contributor

In the face of growing trade protectionism and more interest sensitive households, the BoC delivered a relatively upbeat rate hike and future assessment, notes the research team at TD Securities.

Key Quotes

“With the curve already pricing in gradual tightening and the BoC's near-term projections looking a little optimistic, we think risk/reward continues to favors USDCAD finding support on the dips with an eye to return to the year-to-date highs in the coming weeks.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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