Canadian Dollar a Good Trump Hedge: ING
- Category: CAD
ING says the Canadian Dollar can prove a useful market hedge against a win by Donald Trump in the November 05 presidential election.
The Canadian Dollar's sensitivity to a 'dovish' Bank of Canada is on the wane.
GBP/CAD is capped by a couple of significant technical resistance layers amidst focus on this week's Bank of Canada interest rate cut.
CIBC Lowers Canadian Dollar Forecast
- Category: CAD
The Bank of Canada will lower interest rates with two back-to-back 50 basis point interest rate cuts, which means a weaker Canadian Dollar than previously predicted.