OctaFX | OctaFX Forex Broker
Open trading account
Back

BoC rate decision in the limelight – TDS

FXStreet (Edinburgh) - Strategists at TD Securities have noted the relevance of the BoC monetary policy meeting next week.

Key Quotes

“We see the Bank of Canada’s decision on Wednesday as a fairly straightforward affair—developments since the October Monetary Policy Report have been broadly supportive of the Bank’s outlook, with lower oil prices and a lower Canadian dollar providing roughly offsetting shocks to the Canadian economy”.

“As our preview highlights, the biggest uncertainty heading into 2016 may well be the impact of Fed tightening on Canadian long-term rates”.

“Even if oil prices don’t go much lower from here, tighter financial conditions from the Fed’s tightening could force a rapid pivot on the Bank of Canada’s part”.

Further rate cuts are expected by the ECB – BBH

The research team at BBH sees the European Central Bank lowering further its already negative deposit rates at its meeting next week...
Read more Previous

USD/CHF at 5-year highs above 1.0300

The Swiss franc weakened sharply on Friday, with USD/CHF climbing to fresh 5-year highs above 1.0300, amid speculation the SNB might be “contributing” to franc’s fall ahead of the ECB meeting next week.
Read more Next
Start livechat