Home USD/CAD: Asymmetric Risk From BoC Poloz At Jackson Hole – Barclays
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USD/CAD: Asymmetric Risk From BoC Poloz At Jackson Hole – Barclays

Bank of Canada Stephen Poloz will speak at Jackson Hole, Wyoming and may certainly impact the loonie. However, the risks are asymmetric.

Here is their view, courtesy of eFXdata:

Barclays Research discusses its expectation from  BoC’s Poloz participation at Jackson Hole through the end of this week.

“This week, Governor Poloz participates in Jackson Hole. The gathering provides multiple opportunities for the BoC to send some signals about the timing of the next hike.

The risks for USDCAD are asymmetric: a dovish communication would reduce already elevated expectations and bring weakness for the loonie, while a neutral or hawkish stance would not provide additional support,” Barclays argues.

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Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.