CAD: Governor Poloz may look to play it cool given US-Canada trade frictions - ING

Sandeep Kanihama FXStreet Contributor

Viraj Patel, Research Analyst at ING, suggests that after CAD’s Trump tariff-driven rollercoaster ride last week, the FX looks to have stabilised at the start of this week.

Key Quotes

“Although we note that a degree of investor scepticism remains despite the exemption from US steel and aluminium tariffs ($/CAD 1M risk reversals continue to trade at their highest levels since May-17). The highlight today is a speech by BoC Governor Poloz – who may shed further light on the central bank's policy bias after a fairly ambiguous statement last week. Markets are 50:50 over the prospects of a May BoC rate hike – and this is probably fair for now given the uncertain US trade policy (and NAFTA) backdrop.”

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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