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Dec 08 - 09:55 AM

CAD: Expecting A Quiet BoC Meeting; Attractive Entry Levels For Long CAD/CHF, CAD/JPY In Early 2022- TD

By eFXdata  —  Dec 08 - 08:32 AM

TD Research discusses its expectations for today's BoC policy meeting.

"We look for a relatively quiet BoC meeting as the Bank maintains that the outlook is evolving as expected. We do not expect any change to guidance," TD notes. 

"We think the risk pullback will offer attractive entry levels for CAD against the likes of JPY and CHF in early 2022, although COVID uncertainty, heightened risk aversion, and a relatively poor local growth and mobility backdrop should keep USDCAD hanging around 1.28 a bit longer," TD adds. 

Source:
TD Bank Research/Market Commentary

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