The Canadian dollar is likely to be hurt more by intensifying global growth fears and from negative spill-over risks from higher rates, according to analysts at MUFG Bank. They see the USD/CAD moving higher in the short-term.
“CAD will weaken further in the near-term on the back of intensifying fears over a sharper slowdown in global growth. After testing resistance at the 1.3000-level, the pair finally broke decisively higher hitting a high of 1.3224 over the past week. The bullish price action supports our trade idea and points to further upside ahead.”
“The CAD weakened sharply even after the BoC hiked rates by a larger 100bps and signalled further hikes this year. Higher yields alone are not sufficient to prevent the CAD from weakening against the USD in the current environment. Support from higher yields has been more than offset by intensifying fears over global growth which has resulted in the price of Brent crude oil dropping sharply back below USD100/barrel.”
“There are building concerns that the BoC could be overdoing it in hiking rates so quickly so that it increases the risk of sharper domestic slowdown as well. The BoC already noted that the housing market activity is clearly slowing. We still expect the Fed to keep raising rates for longer than the BoC given Canada’s economy should prove sensitive to higher rates in our view.”
© 2000-2025. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.