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2025-07-30 16:10:22
[Locanadian Dollar on the Brink: Will the Central Bank Decide the Destiny?] ⑴ The Bank of Canada will announce its latest interest rate decision at 9:45 PM Beijing time tonight. ⑵ Francesco Pessolé of ING noted in a report that if the Bank of Canada holds interest rates steady but hints at future rate cuts, the Canadian dollar could come under downward pressure. ⑶ Refinitiv data shows that the market has only priced in a 15 basis point rate cut before the end of the year. ⑷ Pessolé believes that given this conservative market pricing and the economic risks posed by the US-Canada trade negotiations, the Bank of Canada could prompt the market to bet on more rate cuts. ⑸ This move would directly put downward pressure on the Canadian dollar. ⑹ ING continues to predict that the USD/CAD exchange rate will reach 1.39 this quarter. ⑺ USD/CAD is currently trading flat at 1.3768. ⑻ The market's interpretation of the Bank of Canada's decision will be key to the Canadian dollar's short-term performance. ⑼ If the central bank adopts a dovish tone, the Canadian dollar could weaken rapidly. ⑽ ?Traders need to pay close attention to any signals it may give regarding the future policy path.
