USD/CAD: Loonie to remain well-supported unless BoC places any doubt on market pricing – MUFG

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USD/CAD: Loonie to remain well-supported unless BoC places any doubt on market pricing – MUFG USDCAD BOC Banks

remains the standout currency in G10 after the US dollar. Economists at MUFG Bank expect the loonie to remain supported following the decision.“We suspect the BoC will hike by 75 bps and while a little more than that is priced we would expect the statement along with the guidance in the“As long as the BoC does not question current market pricing then CAD should remain well supported.

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