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Apr 06 - 10:55 AM

CAD: Scope For Outperformance To Continue On G10 C-Banks Policy Divergence From April Meetings - MUFG

By eFXdata  —  Apr 06 - 09:30 AM

MUFG Research adopts a bullish CAD bias over the coming weeks.

"The Bank of Canada meets on 21st April and following a speech in March the markets are anticipating a shift with a possible tapering of QE beginning," MUFG notes. 

"We see scope for CAD outperformance to continue, helped by the likelihood of the BoC moving away from ultra-accommodation sooner than other G10 central banks. The RBNZ (14th), the ECB (22nd), the Riksbank (27th), the BoJ (27th) and the Fed (28th) will all meet in April too but we do not expect much in the way of surprise or market moves from those central bank meetings," MUFG adds. 

Source:
MUFG Research/Market Commentary

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