In its latest note, Goldman Sachs highlights upcoming policy divergence between central banks from Canada, the US and Norway. The US investment bank expects the Norges Bank, Norway’s central bank, to inflate rates in Q4 2021 while also expecting the Bank of Canada (BOC) to begin tapering in April and raise rates in Q3 ’23. The report also mentions heavy divergent rate paths among the close neighbors to suggest further weakness of the US dollar (USD) against the Canadian Dollar and the Norwegian Krone (NOK). The reason for the vast difference in the rate, cited in the note was, “probably due to factors like cross-border currency hedging and fundamental domestic factors driving the rate differential.” 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 Gold Price Analysis: XAU/USD bulls look to deeper corrective high FX Street 9 months In its latest note, Goldman Sachs highlights upcoming policy divergence between central banks from Canada, the US and Norway. The US investment bank expects the Norges Bank, Norway's central bank, to inflate rates in Q4 2021 while also expecting the Bank of Canada (BOC) to begin tapering in April and raise rates in Q3 '23. The report also mentions heavy divergent rate paths among the close neighbors to suggest further weakness of the US dollar (USD) against the Canadian Dollar and the Norwegian Krone (NOK). The reason for the vast difference in the rate, cited in the note was, "probably… Top 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.
