Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jun 09 - 09:55 AM

CAD: No Change Expected From BoC; Room For NZD/CAD Upside - Citi

By eFXdata  —  Jun 09 - 08:30 AM

Citi discusses its expectations for today's BoC policy decision.

"Citi Economics and consensus expect no change at 0.25%. The pace of QE purchases should remain at CAD3bn per week after the reduction at the April meeting. The statement will likely maintain a sense of optimism about the resilience of economic activity, even despite a slightly softer than expected increase in Q1 GDP," Citi notes.

"With the BoC’s hawkishness looking less unique, and a divergence in valuation gaps, we see scope for CAD underperformance against NZD," Citi adds. 

Source:
Citi Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!