15 Jul 2015
Opinions divided on a rate cut by BoC – Societe Generale
FXStreet (Edinburgh) - Strategist Kit Juckes at Societe Generale sees no firm consensus on today’s BoC meeting.
Key Quotes
“A Bank of Canada policy decision that sees the market almost evenly split between expecting no change and looking for a 25bp cut, means that USD/CAD is almost certain to move”.
“Oil bounced a bit yesterday afternoon, but USD/CAD continues to flirt with the top of its 2015 range and a rate cut would probably see that broken”.
Key Quotes
“A Bank of Canada policy decision that sees the market almost evenly split between expecting no change and looking for a 25bp cut, means that USD/CAD is almost certain to move”.
“Oil bounced a bit yesterday afternoon, but USD/CAD continues to flirt with the top of its 2015 range and a rate cut would probably see that broken”.