The bank may start to soft-pedal its need for more rate increases down the road. So the Canadian dollar is coming down.
More Quotes from Shaun Osborne:
(It was) the focus for currencies and interest rate futures. The dollar is looking quite vulnerable.Shaun Osborne
The markets cast a bit of doubt about how much the central bank will go in this rate-hike cycle.
Shaun Osborne
Commodities prices are pretty robust, which supports the Canadian dollar. The Canadian dollar is still looking relatively good.
Shaun Osborne
We still think there is more appreciation to come and that's been our message to clients, it certainly was the case last year and it continues to be the case this year.
Shaun Osborne
The yen is still soft across the board and I think interest rate differentials are still the driver there.
Shaun Osborne
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