Francesco Pesole, FX strategist at ING, suspects that an unchanged message from the July meeting may disappoint markets’ dovish expectations and likely trigger an uptick in Canadian rates and the loonie. Key Quotes “A dovish shift – which we see as more likely – should prompt investors to bring forward their expectations for a cut from December to October and possibly pencil in more cuts for 2020 (currently, 25bp of easing in the OIS curve by 4Q20). This may result in some downward pressure on rates and USD/CAD may break the 1.3400 level.” “In the longer-term, we maintain a positive view on the Canadian dollar and notwithstanding a dovish turn by the BoC, we still do not exclude USD/CAD to explore the area below 1.30 in early-2020.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US: Trade balance in focus – TD Securities FX Street 4 years Francesco Pesole, FX strategist at ING, suspects that an unchanged message from the July meeting may disappoint markets' dovish expectations and likely trigger an uptick in Canadian rates and the loonie. Key Quotes "A dovish shift - which we see as more likely - should prompt investors to bring forward their expectations for a cut from December to October and possibly pencil in more cuts for 2020 (currently, 25bp of easing in the OIS curve by 4Q20). This may result in some downward pressure on rates and USD/CAD may break the 1.3400 level." "In the longer-term, we maintain a positive… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
