Elisabeth Andreae, FX Analyst at Commerzbank, analyzes CAD outlook ahead of the Canadian labour market due at 12:30 GMT.
USD/CAD and general market sentiment are likely to depend mainly on the result of NFP
If the Canadian labour market report supports the impression of a soft landing for the economy, as expected, the Canadian data should not provide much momentum for the CAD exchange rates.
A surprisingly strong labour market report will buoy the Bank of Canada’s rate hike expectations somewhat, thus supporting the Loonie a little.
USD/CAD and general market sentiment are likely to depend mainly on the result of the US equivalent. If it involves major surprises, very weak US data might fuel increasing fears of a recession, thus leading to heightened risk aversion, CAD is going to fare worse than the usually favoured USD. Things will not look much better in case of a surprisingly strong US labour market report if this fuels rate hike expectations on the market
免責事項：本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。
古いコメントはありません。ソファをつかむ最初のものになりましょう。