BoC, Loonie Give Dollar-Bears a Plan B Till Fed Turns: FX Moment
The Bank of Canada's 25-bp June rate cut and statement bolster the view that dollar bears tired of waiting for the Fed could retain the loonie-bear view until a more-dovish US move unfolds, according to the latest FX Moment podcast. Host Audrey Childe-Freeman, Bloomberg Intelligence's chief G-10 FX strategist, talks to Stuart Paul, US and Canada economist at Bloomberg Economics, about the BoC and Fed near-term dynamics and currency implications.
Canada's more-advanced economic cycle vs. the US justifies the early policy action from the BoC and validates the yield-driven loonie bearish case…
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