Ratecut Canada

[syspool]

What's the effect on the USDCAD going to be when BoC cuts the rate today? A cut of 25 basis points is expected.

The CD future has fallen already.

Happy trading, Felix

 

[The Kin]

It's already priced in.

 

[Ivanovich]

The statement is what matters. One cut is priced in, as Kin alluded to. Another is not.

 

[FxPro2]

nominal fall, but I also think its priced in, depends on US data to a degree

 

[gwac]

no rate cut, inflation too high.

Quote from FxPro2:

nominal fall, but I also think its priced in, depends on US data to a degree

 

[PohPoh]

Nice rate cut...NOT!
I guess the Canadian CB's have balls...

 

[The Kin]

Quote from syspool:

What's the effect on the USDCAD going to be when BoC cuts the rate today? A cut of 25 basis points is expected.

The CD future has fallen already.

Happy trading, Felix

Nice call. It's posts like yours which make the Internet a wonderful thing.